Account Type Eligibility. The FDIC Insured Deposit Program (the “Program”) is offered to the following types of accounts:
Account Type Eligibility. Upon establishment of your new account, and all subsequent and future account(s) opened for you by Royal Alliance, free credit balances in the following brokerage account types, will be automatically swept into the Federated Government Reserves Fund (“Fund”)(GRFXX): • All ERISA Title 1 account types. Examples include: Profit sharing plans, 401(k), Xxxx 401(k), Simple 401(k), Individual 401(k), Qualified deferred compensation plans, Defined benefit plans, Target benefit plans, and Money purchase pension plans. • 403(b)(7) accounts This fund is managed by Federated Investors (“Federated”).
Account Type Eligibility. Upon establishment of your new account, and all subsequent account(s) opened for you by Royal Alliance, free credit balances in the following brokerage account types, will be automatically swept into either the FDIC Insured Deposit Program-Tiered Rate or FDIC Insured Deposit Program-Level Rate. All Commission & Investment Advisory (Business accounts with TIN) Default Sweep Product Name FDIC Insured – Tiered Rate Program Sweep Indicator Type of Product QAGBQ Multi-Bank FDIC Insured Deposit accounts Brief Description: Your funds will be deposited into a deposit account at one or more participating Program Banks in a manner designed to provide you with eligibility for up to $2,500,000 of FDIC Insurance protection. All Commission & Investment Advisory (Consumer or Natural Entity with SSN) Default Sweep Product Name FDIC Insured – Tiered Rate Program Sweep Indicator Type of Product QAGCQ Multi-Bank FDIC Insured Deposit accounts Brief Description: Your funds will be deposited into a deposit account at one or more participating Program Banks in a manner designed to provide you with eligibility for up to $2,500,000 of FDIC Insurance protection. Individual Retirement Accounts (Advisory only) Default Sweep Product Name FDIC Insured – Level Rate Program Sweep Indicator Type of Product QAGLQ Multi-Bank FDIC Insured Deposit accounts Brief Description: Your funds will be deposited into a deposit account at one or more participating Program Banks in a manner designed to provide you with eligibility for up to $2,500,000 of FDIC Insurance protection. All ERISA Title 1 Accounts & 403(b)(7) Default Sweep Product Name Fidelity Government Cash Reserves Sweep Indicator Type of Product FDRXX Money Market Mutual Fund Brief Description: The fund seeks as high a level of current income as is consistent with the preservation of capital and liquidity Neither FDIC Insured Deposit Program (Tiered or Level) will be made available to ERISA Title 1 plans, 403(b)(7) plans, or Xxxxx plans. An alternative sweep product, described in Section XVII, will be made available for these account types.
Account Type Eligibility. Upon establishment of your new account, and all subsequent account(s) opened for you by Xxxxxxxx, free credit balances in the following brokerage account types, will be automatically swept into the Federated Government Reserves Fund (“Fund”) (GRFXX): • All ERISA Title 1 plans. Examples include: Profit sharing plans, 401(k), Xxxx 401(k), Simple 401(k), Individual 401(k), Qualified deferred compensation plans, Defined benefit plans, Target benefit plans, and Money purchase pension plans. • 403(b)(7) plans • Keogh plans This fund is managed by Federated Investors (“Federated”). All ERISA Title 1, 403(b)(7), & Xxxxx Plans – (includes third party custodians) Default Sweep Product Name Federated Government Reserves Fund Registered Ticker Symbol Registered CUSIP Type of Product GRFXX 000000000 Money Market Mutual Fund Brief Description: Pursues current income consistent with stability of principle and liquidity. Invests primarily in short‐term U.S. Treasury and government securities.
