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) Fund in Deposit Account less than $1,000,000 0.38%
$1,000,000 or Greater 0.53%
Non-qualified Accounts (VIBD) Fund in Deposit Account less than $1,000,000 0.38%
$1,000,000 or Greater 0.53%

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 The Bank of East Asia Ltd. Century Bank and Trust Pinnacle Bank
6 EagleBank Banc of California, N.A. Citibank, N.A. Capital One Bank (USA), N.A.
7 The Bank of East Asia Ltd. Pinnacle Bank Wells Fargo Bank, NA Compass Bank
8 Pinnacle Bank Capital One Bank (USA), N.A. Union Bank and Trust The Bank of East Asia Ltd.
9 Banc of California, N.A. Century Bank and Trust Pinnacle Bank Enterprise Bank & Trust
10 Capital One Bank (USA), N.A. EagleBank Banc of California, N.A. Citibank, N.A.
11 Enterprise Bank & Trust Florida Community Bank Capital One Bank (USA), N.A. American Express Centurion Bank
12 PNC Bank PNC Bank Cadence Bank, N.A. Cadence Bank, N.A.
13 Simmons Bank Towne Bank Florida Community Bank Century Bank and Trust
14 Union Bank and Trust Wells Fargo Bank, NA EagleBank EagleBank
15 Towne Bank Union Bank and Trust Enterprise Bank & Trust Wells Fargo Bank, NA
16 Wells Fargo Bank, NA Simmons Bank Morgan Stanley Private Bank NA Simmons Bank
17 Citibank, N.A. Citibank, N.A. Simmons Bank Towne Bank
18 Florida Community Bank Enterprise Bank & Trust The Bank of East Asia Ltd. Union Bank and Trust
19 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 Banc of California, N.A. Pinnacle Bank The Bank of East Asia Ltd. Banc of California, N.A.
7 Pinnacle Bank Banc of California, N.A. PNC Bank Capital One Bank (USA), N.A.
8 Capital One Bank (USA), N.A. EagleBank Pinnacle Bank Pinnacle Bank
9 Union Bank and Trust Citibank, N.A. Banc of California, N.A. Cadence Bank, N.A.
10 Towne Bank Enterprise Bank & Trust Cadence Bank, N.A. EagleBank
11 Wells Fargo Bank, NA Florida Community Bank Citibank, N.A. Florida Community Bank
12 The Bank of East Asia Ltd. Simmons Bank EagleBank Enterprise Bank & Trust
13 PNC Bank PNC Bank Florida Community Bank Citibank, N.A.
14 Simmons Bank The Bank of East Asia Ltd. Enterprise Bank & Trust Towne Bank
15 EagleBank Towne Bank Morgan Stanley Private Bank NA Union Bank and Trust
16 Citibank, N.A Union Bank and Trust Simmons Bank Compass Bank
17 .Enterprise Bank & Trust Wells Fargo Bank, NA Towne Bank The Bank of East Asia Ltd.
18 Century Bank and Trust Compass Bank Union Bank and Trust Simmons Bank
19 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.