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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

Voya Financial Advisors Insured Bank Deposit Account for Retail Brokerage and Advisory product use
(excludes Rep as Manager account program)
Sweep Current 7-day Effective Yield
Qualified Accounts (VIBR) 0.38%
Non-Qualified Accounts (VIBD) 0.38%

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.

Priority Alabama, Arkansas, Iowa, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nebraska, Oklahoma, Tennessee Illinois, Indiana, Michigan, Ohio, Wisconsin Delaware, Maryland, New Jersey, Pennsylvania, District of Columbia Alaska, Colorado, Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, Wyoming
1 Morgan Stanley Private Bank NA Morgan Stanley Private Bank NA PNC Bank Morgan Stanley Private Bank NA
2 American Express Centurion Bank American Express Centurion Bank American Express Centurion Bank PNC Bank
3 Bremer Bank NA Compass Bank Bremer Bank NA Bremer Bank NA
4 Compass Bank Bremer Bank NA Compass Bank Banc of California, N.A.
5 Century Bank and Trust New York Community Bank Century Bank and Trust Pinnacle Bank
6 EagleBank The Bank of East Asia Ltd. Citibank, N.A. Capital One Bank (USA), N.A.
7 The Bank of East Asia Ltd. Banc of California, N.A. Wells Fargo Bank, NA Compass Bank
8 Pinnacle Bank Pinnacle Bank Union Bank and Trust The Bank of East Asia Ltd.
9 Banc of California, N.A. Capital One Bank (USA), N.A. Pinnacle Bank Enterprise Bank & Trust
10 Capital One Bank (USA), N.A. Century Bank and Trust Banc of California, N.A. Citibank, N.A.
11 Enterprise Bank & Trust EagleBank Capital One Bank (USA), N.A. American Express Centurion Bank
12 New York Community Bank Florida Community Bank Cadence Bank, N.A. Cadence Bank, N.A.
13 PNC Bank PNC Bank Florida Community Bank Century Bank and Trust
14 Simmons Bank Towne Bank EagleBank EagleBank
15 Union Bank and Trust Wells Fargo Bank, NA Enterprise Bank & Trust Wells Fargo Bank, NA
16 Towne Bank Union Bank and Trust Morgan Stanley Private Bank NA Simmons Bank
17 Wells Fargo Bank, NA Simmons Bank New York Community Bank Towne Bank
18 Citibank, N.A. Citibank, N.A. Simmons Bank Union Bank and Trust
19 Florida Community Bank Enterprise Bank & Trust The Bank of East Asia Ltd. New York Community Bank
20 Cadence Bank, N.A. Cadence Bank, N.A. Towne Bank Florida Community Bank
Priority Excess Bank List Excess Bank List Excess Bank List Excess Bank List
1 Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A.
2 Capital One Bank (USA), N.A. Capital One Bank (USA), N.A. Capital One Bank (USA), N.A. Capital One Bank (USA), N.A.
3 Wells Fargo Bank, NA Wells Fargo Bank, NA Wells Fargo Bank, NA Wells Fargo Bank, NA

 

Priority Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island, Vermont Florida, Georgia, North Carolina, South Carolina, Virginia, West Virginia Arizona, Nevada, New Mexico, Texas, Utah California, Hawaii, US territories
1 Morgan Stanley Private Bank NA Morgan Stanley Private Bank NA American Express Centurion Bank PNC Bank
2 American Express Centurion Bank American Express Centurion Bank Bremer Bank NA American Express Centurion Bank
3 Bremer Bank NA Bremer Bank NA Capital One Bank (USA), N.A. Bremer Bank NA
4 Compass Bank Century Bank and Trust Compass Bank Morgan Stanley Private Bank NA
5 Florida Community Bank Capital One Bank (USA), N.A. Century Bank and Trust Wells Fargo Bank, NA
6 New York Community Bank Pinnacle Bank The Bank of East Asia Ltd. Banc of California, N.A.
7 Banc of California, N.A. Banc of California, N.A. PNC Bank Capital One Bank (USA), N.A.
8 Pinnacle Bank EagleBank Pinnacle Bank Pinnacle Bank
9 Capital One Bank (USA), N.A. Citibank, N.A. Banc of California, N.A. Cadence Bank, N.A.
10 Union Bank and Trust Enterprise Bank & Trust Cadence Bank, N.A. EagleBank
11 Towne Bank Florida Community Bank Citibank, N.A. Florida Community Bank
12 Wells Fargo Bank, NA New York Community Bank EagleBank Enterprise Bank & Trust
13 The Bank of East Asia Ltd. Simmons Bank Florida Community Bank Citibank, N.A.
14 PNC Bank PNC Bank Enterprise Bank & Trust New York Community Bank
15 Simmons Bank The Bank of East Asia Ltd. Morgan Stanley Private Bank NA Towne Bank
16 EagleBank Towne Bank New York Community Bank Union Bank and Trust
17 Citibank, N.A. Union Bank and Trust Simmons Bank Compass Bank
18 Enterprise Bank & Trust Wells Fargo Bank, NA Towne Bank The Bank of East Asia Ltd.
19 Century Bank and Trust Compass Bank Union Bank and Trust Simmons Bank
20 Cadence Bank, N.A. Cadence Bank, N.A. Wells Fargo Bank, NA Century Bank and Trust
Priority Excess Bank List Excess Bank List Excess Bank List Excess Bank List
1 Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A.
2 Capital One Bank (USA), N.A. Capital One Bank (USA), N.A. Capital One Bank (USA), N.A. Capital One Bank (USA), N.A.
3 Wells Fargo Bank, NA Wells Fargo Bank, NA Wells Fargo Bank, NA Wells Fargo Bank, NA

Disclosure Booklet

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