An FDIC-Insured Cash Sweep Vehicle Designed to Provide up to $1 Million of FDIC-insurance Coverage for the Cash in Your Account

Now you can choose to deposit cash in interest-bearing accounts at multiple Federal Deposit Insurance Corporation (FDIC)-insured banks through the RBC Bank Deposit Program, offering up to $1 million in FDIC-insurance coverage.

Benefits of the RBC Bank Deposit Program

• Sweep up to $1 million into FDIC-insured interest-bearing accounts at different banks — all managed for you by RBC Wealth Management
• Obtain access to pre-qualified banks to custody your cash.
• Earn competitive interest rates.
• Maintain immediate cash liquidity for trading opportunities or other needs.
• If you use an Investment Access® Account, continue to enjoy a VISA® Gold Rewards Card and online bill pay services to access these insured deposits.

Through relationships with our RBC affiliate and other banks, your cash is deposited into accounts at multiple FDIC-insured banks so you can enjoy an accumulated total of $1 million in FDIC insurance coverage. If your deposit is greater than the coverage available at one bank, the excess amounts will be directed into accounts at other participating banks. Please note that deposits is excess of $1 million may be uninsured.

If you are interested in the benefits of a cash sweep option that helps provide safety for your principal, review the video and materials available on this page for more information. Call today to enroll in the RBC Bank Deposit Program.