What is raymond james bank deposit program

The deposit insurance coverage limits refer to the total of all deposits that an account holder has in the same ownership categories at each FDIC-insured institution. Visit fdic. An explanatory brochure is available upon request or at sipc. Account protection applies when a SIPC-member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against market fluctuations.

Your funds will earn the same interest rate at all of the banks, based on your total relationship cash balances with Raymond James. Interest rate tiers and current rates are available online at raymondjames. Through CIP, a significant portion of cash is set aside for the client and held in certain high-quality U. Raymond James Bank U. Bank N. Truist Bank U. Bank of Baroda Citibank, N. The Bank of East Asia Ltd. Certificates of Deposit CDs Rates effective January 7, and are subject to change without notice.

CDs may be opened for any term between 90 days and five years. There is a substantial penalty for early withdrawal. Certificates are nonnegotiable and cannot be sold on the secondary market. A total of six withdrawals are allowed per statement period on Money Market and savings accounts. Fees may reduce the earnings on the account. Products, terms and conditions subject to change. Subject to standard credit criteria. Call Raymond James Bank for current rates and other information.

All deposits and withdrawals at the banks will be made by Raymond James on your behalf. Your funds will earn the same interest rate at all of the banks, based on your total balances with Raymond James. Interest rate tiers and current rates are available online at raymondjames. Additional information can be found at fdic. FDIC