Voya Financial Advisors Insured Bank Deposit Account

Voya Financial Advisors Insured Bank Deposit Account

Features, Rates, and Disclosures

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.

Rate Schedule

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.
Account Amount Rate
Qualified Account
(Ticker: VIBR)
Less than $24,999.99 1.10%
$25,000.00 – $49,999.99 1.10%
$50,000.00 – $99,999.99 1.10%
$100,000.00 – $149,999.99

1.10%

$150,000.00 – $249,999.99 1.10%
$250,000.00 – $299,999.99 1.10%
$300,000.00 – $499,999.99 1.10%
$500,000.00 – $999,999.99 1.10%
$1,000,000.00 – 4,999,999.99 1.10%
$5,000,000 or Greater 1.10%
Non-Qualified Account
(Ticker VIBD)
$24,999.99 or Less 1.10%
$25,000.00 – $49,999.99 1.10%
$50,000.00 – $99,999.99 1.10%
$100,000.00 – $149,999.99 1.10%
$150,000.00 – $249,999.99 1.10%
$250,000.00 – $299,999.99 1.10%
$300,000.00 – $499,999.99 1.10%
$500,000.00 – $999,999.99 1.10%
$1,000,000.00 – 4,999,999.99 1.10%
$5,000,000 or Greater 1.10%

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 PNC Bank American Express National Bank PNC Bank Morgan Stanley Private Bank, NA
2 Morgan Stanley Private Bank, NA PNC Bank Barclays Bank Delaware PNC Bank
3 The Bank of East Asia Ltd. Western Alliance Bank Western Alliance Bank Barclays Bank Delaware
4 Bremer Bank Barclays Bank Delaware Bremer Bank Western Alliance Bank
5 Flushing Bank Bremer Bank Citibank, N.A. The Bank of East Asia Ltd.
6 Progress Bank and Trust Progress Bank and Trust Progress Bank and Trust Progress Bank and Trust
7

Sandy Spring Bank

The Bank of East Asia Ltd. The Bank of East Asia Ltd. Flushing Bank
8 Barclays Bank Delaware Morgan Stanley Private Bank, NA Flushing Bank Bremer Bank
9 Western Alliance Bank Flushing Bank American Express National Bank Sandy Spring Bank
10 EagleBank Simmons Bank Sandy Spring Bank American Express National Bank
11 Capital One Bank (USA), N.A. Sandy Spring Bank Union Bank and Trust Enterprise Bank & Trust
12 Enterprise Bank & Trust Capital One Bank (USA), N.A. Capital One Bank (USA), N.A. Citibank, N.A.
13 Simmons Bank EagleBank EagleBank Capital One Bank (USA), N.A.
14 Union Bank & Trust Citibank, N.A. Enterprise Bank & Trust Simmons Bank
15 American Express National Bank Enterprise Bank & Trust Morgan Stanley Private Bank, NA EagleBank
16 Citibank, N.A. Union Bank and Trust Simmons Bank Union Bank and Trust

Excess Bank List

1 Capital One Bank (USA), N.A. Capital One Bank (USA), N.A. Capital One Bank (USA), N.A. Capital One Bank (USA), N.A.
2 Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A.
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, U.S. territories
1 Morgan Stanley Private Bank, NA Morgan Stanley Private Bank, NA American Express National Bank American Express National Bank
2 American Express National Bank American Express National Bank PNC Bank PNC Bank
3 PNC Bank PNC Bank Barclays Bank Delaware Bremer Bank
4 Western Alliance Bank Western Alliance Bank Bremer Bank The Bank of East Asia Ltd.
5 Bremer Bank Barclays Bank Delaware The Bank of East Asia Ltd. Barclays Bank Delaware
6 Progress Bank and Trust Bremer Bank Capital One Bank (USA), N.A. Western Alliance Bank
7 The Bank of East Asia Ltd. The Bank of East Asia Ltd. Western Alliance Bank Sandy Spring Bank
8 Barclays Bank Delaware Flushing Bank Flushing Bank Flushing Bank
9 Flushing Bank Progress Bank and Trust Sandy Spring Bank Progress Bank and Trust
10 Union Bank and Trust Sandy Spring Bank Progress Bank and Trust Capital One Bank (USA), N.A.
11 Sandy Spring Bank Citibank, N.A. Citibank, N.A. Simmons Bank
12 Capital One Bank (USA), N.A. Enterprise Bank & Trust EagleBank EagleBank
13 Simmons Bank Capital One Bank (USA), N.A. Enterprise Bank & Trust Enterprise Bank & Trust
14 EagleBank Simmons Bank Morgan Stanley Private Bank, NA Citibank, N.A.
15 Citibank, N.A. EagleBank Simmons Bank Morgan Stanley Private Bank, NA
16 Enterprise Bank & 
Trust
Union Bank and Trust Union Bank and Trust Union Bank and Trust

Excess Bank List

1 Capital One Bank (USA), N.A. Capital One Bank (USA), N.A. Capital One Bank (USA), N.A. Capital One Bank (USA), N.A.
2 Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A.
Priority Business All
1 PNC Bank
2 Bremer Bank
3 Western Alliance Bank
4 Barclays Bank Delaware
5 The Bank of East Asia Ltd.
6 Progress Bank and Trust
7 Flushing Bank
8 Sandy Spring Bank
9 Capital One Bank (USA), N.A.
10 EagleBank
11 Enterprise Bank & Trust
12 Citibank, N.A.
13 Union Bank and Trust
14 Simmons Bank
Excess Bank List
1 Citibank, N.A.

Please view the Voya Financial Advisors Insured Bank Deposit Account Disclosure Booklet (PDF) for all accounts.