The Voya Financial Advisors Insured Bank Deposit Account, a multi-bank, Federal Deposit Insurance Corporation (FDIC) insured bank deposit program, will serve as the default cash sweep option for brokerage and advisory accounts administered by Pershing, LLC.

The Voya Financial Advisors Insured Bank Deposit Account offers:

  • A cash management solution that helps balance returns, safety, and liquidity
  • $2.5 million in FDIC coverage per customer
  • Convenient sweep feature when assets are not invested in brokerage or advisory investments.
  • Ability to exclude specific banks from the bank priority list applicable to the customer’s account.

Rate schedule

Qualified Account
(Ticker: VIBR)
Less than $24,999.990.011%
$25,000.00 - $49,999.990.011%
$50,000.00 - $99,999.990.011%
$100,000.00 - $149,999.99

0.011%

$150,000.00 - $249,999.990.011%
$250,000.00 - $299,999.990.011%
$300,000.00 - $499,999.990.011%
$500,000.00 - $999,999.990.011%
$1,000,000.00 – 4,999,999.990.011%
$5,000,000 or Greater0.011%
Non-Qualified Account
(Ticker VIBD)
$24,999.99 or Less0.011%
$25,000.00 - $49,999.990.011%
$50,000.00 - $99,999.990.011%
$100,000.00 - $149,999.990.011%
$150,000.00 - $249,999.990.011%
$250,000.00 - $299,999.990.011%
$300,000.00 - $499,999.990.011%
$500,000.00 - $999,999.990.011%
$1,000,000.00 – 4,999,999.990.011%
$5,000,000 or Greater0.011% 

Bank Priority List

Voya Financial Advisors and Pershing, LLC use the following banks to deposit assets in the Voya Financial Advisors Insured Bank Deposit program.

PriorityAlabama, Arkansas, Iowa, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nebraska, Oklahoma, TennesseeIllinois, Indiana, Michigan, Ohio, WisconsinDelaware, Maryland, New Jersey, Pennsylvania, District of ColumbiaAlaska, Colorado, Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, Wyoming
1Morgan Stanley Private Bank, NAAmerican Express National BankPNC BankMorgan Stanley Private Bank, NA
2The Bank of East Asia Ltd.Bremer BankProgress Bank and TrustThe Bank of East Asia Ltd.
3Bremer BankProgress Bank and TrustThe Bank of East Asia Ltd.Progress Bank and Trust
4Progress Bank and TrustThe Bank of East Asia Ltd.Bremer BankBremer Bank
5Century Bank and TrustMorgan Stanley Private Bank, NAAmerican Express National BankPNC Bank
6BBVA USASimmons BankCentury Bank and TrustAmerican Express National Bank
7EagleBankCapital One Bank (USA), N.A.BBVA USACentury Bank and Trust
8Capital One Bank (USA), N.A.Century Bank and TrustCitibank, N.A.BBVA USA
9Enterprise Bank & TrustEagleBankWells Fargo Bank, NAEnterprise Bank & Trust
10PNC BankCitibank, N.A.Union Bank and TrustCitibank, N.A.
11Simmons BankEnterprise Bank & TrustCapital One Bank (USA), N.A.Capital One Bank (USA), N.A.
12Union Bank and TrustPNC BankEagleBankSimmons Bank
13American Express National BankWells Fargo Bank, NAEnterprise Bank & TrustEagleBank
14Wells Fargo Bank, NAUnion Bank and TrustMorgan Stanley Private Bank, NAWells Fargo Bank, NA
15Citibank, N.A.BBVA USASimmons BankUnion Bank and Trust
     
PriorityExcess Bank ListExcess Bank ListExcess Bank ListExcess Bank List
1Citibank, N.A.Citibank, N.A.Citibank, N.A.Citibank, N.A.
2Capital One Bank (USA), N.A.Capital One Bank (USA), N.A.Capital One Bank (USA), N.A.Capital One Bank (USA), N.A.
3Wells Fargo Bank, NAWells Fargo Bank, NAWells Fargo Bank, NAWells Fargo Bank, NA

 

PriorityConnecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island, VermontFlorida, Georgia, North Carolina, South Carolina, Virginia, West VirginiaArizona, Nevada, New Mexico, Texas, UtahCalifornia, Hawaii, US territories
1Morgan Stanley Private Bank, NAMorgan Stanley Private Bank, NAAmerican Express National BankPNC Bank
2American Express National BankAmerican Express National BankBremer BankAmerican Express National Bank
3Bremer BankBremer BankThe Bank of East Asia Ltd.Bremer Bank
4Progress Bank and TrustThe Bank of East Asia Ltd.Capital One Bank (USA), N.A.The Bank of East Asia Ltd.
5The Bank of East Asia Ltd.Century Bank and TrustBBVA USAProgress Bank and Trust
6BBVA USAProgress Bank and TrustCentury Bank and TrustWells Fargo Bank, NA
7Union Bank and TrustCitibank, N.A.Progress Bank and TrustCapital One Bank (USA), N.A.
8Capital One Bank (USA), N.A.Enterprise Bank & TrustCitibank, N.A.Simmons Bank
9Wells Fargo Bank, NACapital One Bank (USA), N.A.EagleBankEagleBank
10PNC BankSimmons BankEnterprise Bank & TrustEnterprise Bank & Trust
11Simmons BankPNC BankMorgan Stanley Private Bank, NACitibank, N.A.
12EagleBankEagleBankSimmons BankMorgan Stanley Private Bank, NA
13Citibank, N.A.Union Bank and TrustPNC BankUnion Bank and Trust
14Enterprise Bank & TrustWells Fargo Bank, NAUnion Bank and TrustBBVA USA
15Century Bank and TrustBBVA USAWells Fargo Bank, NACentury Bank and Trust
     
PriorityExcess Bank ListExcess Bank ListExcess Bank ListExcess Bank List
1Citibank, N.A.Citibank, N.A.Citibank, N.A.Citibank, N.A.
2Capital One Bank (USA), N.A.Capital One Bank (USA), N.A.Capital One Bank (USA), N.A.Capital One Bank (USA), N.A.
3Wells Fargo Bank, NAWells Fargo Bank, NAWells Fargo Bank, NAWells Fargo Bank, NA

 

PriorityBusiness All
1Bremer Bank
2PNC Bank
3The Bank of East Asia Ltd.
4Progress Bank and Trust
5Wells Fargo Bank, NA
6Capital One Bank (USA), N.A.
7EagleBank
8Enterprise Bank & Trust
9Citibank, N.A.
10Century Bank and Trust
11Union Bank and Trust
12BBVA USA
13Simmons Bank
  
PriorityExcess Bank List
1Citibank, N.A.
2Wells Fargo Bank, NA

Disclosure Booklet

Please click here (download PDF) to view the Voya Financial Advisors Insured Bank Deposit Account Disclosure Booklet for all accounts except the Rep as Manager account program.