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 0.011%
$25,000.00 – $49,999.99 0.011%
$50,000.00 – $99,999.99 0.011%
$100,000.00 – $149,999.99

0.011%

$150,000.00 – $249,999.99 0.011%
$250,000.00 – $299,999.99 0.011%
$300,000.00 – $499,999.99 0.011%
$500,000.00 – $999,999.99 0.011%
$1,000,000.00 – 4,999,999.99 0.011%
$5,000,000 or Greater 0.011%
Non-Qualified Account
(Ticker VIBD)
$24,999.99 or Less 0.011%
$25,000.00 – $49,999.99 0.011%
$50,000.00 – $99,999.99 0.011%
$100,000.00 – $149,999.99 0.011%
$150,000.00 – $249,999.99 0.011%
$250,000.00 – $299,999.99 0.011%
$300,000.00 – $499,999.99 0.011%
$500,000.00 – $999,999.99 0.011%
$1,000,000.00 – 4,999,999.99 0.011%
$5,000,000 or Greater 0.011%

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.

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 American Express National Bank Wells Fargo Bank, NA Morgan Stanley Private Bank, NA
2 The Bank of East Asia Ltd. Bremer Bank Progress Bank and Trust The Bank of East Asia Ltd.
3 Bremer Bank Progress Bank and Trust The Bank of East Asia Ltd. Progress Bank and Trust
4 Flushing Bank The Bank of East Asia Ltd. Bremer Bank Flushing Bank
5 Progress Bank and Trust Morgan Stanley Private Bank, NA Flushing Bank Bremer Bank
6 Century Bank and Trust Flushing Bank American Express National Bank Sandy Spring Bank
7

Sandy Spring Bank

Simmons Bank Century Bank and Trust American Express National Bank
8 PNC Bank Sandy Spring Bank PNC Bank Century Bank and Trust
9 EagleBank Capital One Bank (USA), N.A. Citibank, NA PNC Bank
10 Capital One Bank (USA), N.A. Century Bank and Trust Sandy Spring Bank Enterprise Bank & Trust
11 Enterprise Bank & Trust EagleBank Union Bank and Trust Citibank, N.A.
12 Simmons Bank Citibank, N.A. Capital One Bank (USA), N.A. Capital One Bank (USA), N.A.
13 Union Bank and Trust Enterprise Bank & Trust EagleBank Simmons Bank
14 American Express National Bank Union Bank and Trust Enterprise Bank & Trust EagleBank
15 Citibank, N.A. PNC Bank Morgan Stanley Private Bank, NA Union Bank and Trust

16

Wells Fargo Bank, NA Wells Fargo Bank, NA Simmons Bank Wells Fargo Bank, NA

Excess Bank List

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

Excess Bank List

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

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