Cash management
Cash solutions to manage your cash, your way
Whether putting money to work or putting money aside, Raymond James knows the way you manage cash impacts your day-to-day life and your long-term plans. We have products and solutions that are tailored to meet all of your unique needs.
When it comes to cash, it is helpful to consider two common needs: everyday spending and savings. Consider the products, features and benefits of each to determine the solution best tailored to your needs.
Work with your financial advisor to help find the right solution, based on your specific liquidity, safety and return needs.
Everyday
Spending
Key Features
- Mobile check deposit & mobile wallet
- Online bill pay
- Free debit card, unlimited check writing, direct deposit
- Use of any ATM, with fees reimbursed
- 24-hour support and fraud monitoring
- Optional SMS text alerts
Savings
& Strategic
Key Features
- Certificates of Deposit
- Money market funds
- Short-term fixed income options
- High-yield savings program
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Savings & Strategic Cash Solutions Earn a potentially higher yield from a range of investment choices that provide easy access to funds that aren't needed daily, available in a broad selection of time horizons or maturities. |
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| Raymond James Bank Enhanced Savings Program1 | Certificates of Deposit (CDs)2 | Money Market Funds3 | Short Term Fixed Income4 | |
| Description | Savings solution combining a competitive interest rate and high level of combined FDIC insurance, linked to your brokerage account for maximum accessibility. | Consider including FDIC-insured CDs in your account to earn income while also helping achieve principal preservation goals. | Money market mutual funds invest in short term fixed income securities and pass returns on to shareholders. Returns are often higher than bank checking or savings accounts. In addition to generally higher yields, money market funds seek to provide stable asset values, next-day liquidity and an array of investment options to suit your unique needs. | Range of investment choices including but not limited to brokered FDIC-insured CDs, Treasuries, short-term corporate and municipal bonds that provide various yields and maturities. |
| Offered through | Raymond James Bank | Raymond James and Raymond James Bank |
Raymond James Investment products are not insured by the FDIC; are not deposits; and may lose value. |
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| Current interest rate/Annual Percentage | Contact your financial advisor for current rates. | |||
| FDIC insurance or SIPC protection | Bank deposits are protected by a network of banks, each providing up to $250,000 in FDIC insurance, allowing for combined FDIC insurance of up to $50 million1. |
Standard FDIC of $250,000 per issuer, per depositor2 | SIPC and Excess SIPC | Varies based upon investments |
| Features and other information | Provides a variable interest rate superior to standard checking or savings accounts, without bank account fees or holding periods.
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Raymond James Bank and brokered CDs offer a wide range of maturities to match an investor's investment objective. Brokered CDs can be liquidated in the secondary market prior to maturity at prevailing market prices. |
Offer low expenses, attractive yield and next-day access to your funds. Variety of investment strategies including government, retail prime and retail federally tax-exempt funds. |
Individual bonds allow for a custom tailored plan to be created using specific strategies to meet your goals and providing for your financial well-being. |
| Learn more | Learn more | Learn more | Learn more | |
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Everyday Spending Solutions Purchase investments, pay bills and manage daily expenses. |
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| Capital Access cash management account5 | Cash Sweep Programs | ||
| Raymond James Bank Deposit Program (RJBDP)6 | Client Interest Program (CIP)7 | ||
| Description | Cash management account for handling day-to-day finances – like a checking account | Programs that diversify your cash holdings the same way you would diversify your investments, but with same-day liquidity. | |
| Offered through | Raymond James | ||
| Current interest rate/Annual Percentage rate | Rates determined by the selected Cash Sweep option – for Cash Sweep rates click here | 0.20% - 2.75% | |
| FDIC insurance or SIPC protection | Coverage determined by the selected Cash Sweep option | This program "sweeps" funds from your Raymond James account into accounts at multiple banks, with each bank providing FDIC insurance up to $250,000, allowing you to have combined FDIC insurance up to $3 million6 | SIPC and excess SIPC |
| Features and other information | Access to ATMs worldwide, Mobile Check Deposit, Mobile Wallet, Mobile Bill Pay 24/7 fraud monitoring, text alerts, free checks and debit card Retirement accounts use Raymond James Bank with check writing |
Cash is deposited into interest-bearing accounts at up to 12 banks | Pays interest on cash awaiting investment Cash is held in certain high-quality U.S. treasury securities or qualifying trust and/or cash accounts; remaining cash is used in the company’s business operations |
| Learn more | Learn more | Learn more | |
Watch this video to learn about our cash management solutions
1Enhanced Savings Program (ESP) Disclosure
Offer is subject to availability. Terms and conditions apply. Interest rate may change after the account is opened. Qualifying cash may vary. It is generally defined as net new money brought to Raymond James. Contact your advisor to confirm what currently constitutes qualifying cash. The Enhanced Savings Program is an online only product. Clients must have an email address in order to open an account and must be enrolled in Client Access to view program statements.
Cash on deposit at FDIC-insured institutions through the Enhanced Savings Program offered by Raymond James Bank is insured by the FDIC up to $250,000 per insurable capacity per depository institution (bank), subject to applicable FDIC rules and limitations. The Enhanced Savings Program relies on the services of IntraFi Network, LLC for the placement of deposits at a network of third party FDIC-insured depository institutions. The current list of FDIC insured depository institutions in the network is shown at https://www.intrafi.com/network-banks. Raymond James is not affiliated with IntraFi Network, LLC. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply.
© 2024 Raymond James Bank, member FDIC. Raymond James® is a registered trademark of Raymond James Financial, Inc. Raymond James & Associates, Inc., and Raymond James Financial Services, Inc., are affiliated with Raymond James Bank. Unless otherwise specified, products purchased from or held at Raymond James & Associates or Raymond James Financial Services are not insured by the FDIC, are not deposits or other obligations of Raymond James Bank, are not guaranteed by Raymond James Bank, and are subject to investment risks, including possible loss of the principal invested. Banking and lending solutions are offered through Raymond James Bank, an affiliate of Raymond James & Associates, Inc., and Raymond James Financial Services, Inc. Investing involves risk and you may incur a profit or loss regardless of strategy selected.
© 2024 Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. © 2024 Raymond James Financial Services, Inc., member FINRA/SIPC. Investment products are: not deposits, not FDIC/NCUA insured, not insured by any government agency, not bank guaranteed, subject to risk and may lose value.
The Enhanced Savings Program relies on the services of IntraFi Network, LLC, for the placement of deposits at a network of third-party FDIC-insured depository institutions. The current list of FDIC-insured depository institutions in the network is shown at https://www.intrafinetworkdeposits.com/find-intrafi-network-deposits/.
Qualifying cash may vary. It is generally defined as net new money brought to Raymond James. Contact your advisor to confirm what currently constitutes qualifying cash.
2CD Disclosure
Certificates of Deposits offered through insured deposit institutions, including Raymond James Bank, are FDIC insured for up to $250,000 per depositor. Products, rates, terms, and conditions are subject to change. Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. are not FDIC-insured banking entities. FDIC insurance only covers the failure of FDIC-insured depository institutions and does not cover Raymond James & Associates, Inc. or Raymond James Financial Services, Inc. Certain conditions must be satisfied for pass-through FDIC deposit insurance coverage to apply.
3Money Market Funds
You could lose money by investing in money market funds. Because the share price of the funds will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. An investment in these funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
4Short Term Fixed Income
While interest on munincipal bonds is generally exempt from federal income tax, it may be subject to the federal alternative minimum tax, or state or local taxes.
5Capital Access cash management account
The daily withdrawal limit in your Capital Access account is the sum of your cash balances and your aggregate loan value (subject to margin approval). The daily debit card limit is typically capped at $10,000 and the total ATM withdrawal is capped at $1,000. A margin account may not be suitable for all investors. Borrowing on margin and using securities as collateral may involve a high degree of risk including unintended tax consequences and the possible need to sell your holdings, which may lead to a significant impact on long-term investment goals. An investor can lose more funds than he or she deposited in the account. Market conditions can magnify any potential for loss. If the market turns against the client, he or she may be required to quickly deposit additional securities and/or cash in the account(s) or pay down the loan to avoid liquidation. The securities in the pledged account(s) may be sold to meet the margin call, and the firm can sell the client's securities without contacting them. An investor is not entitled to choose which securities or other assets in his or her account are liquidated or sold to meet a margin call. The firm can increase its maintenance margin requirements at any time and is not required to provide an investor advance written notice. An investor is not entitled to an extension of time on a margin call. Increased interest rates could also affect SOFR rates that apply to your margin account causing the cost of the credit line to increase significantly. The interest rates charged are determined by the amount borrowed. Please visit sec.gov/investor/pubs/margin.htm for additional information.
Diversification of investments does not guarantee a profit nor protect against loss.
6Raymond James Bank Deposit Program (RJBDP)
References made to FDIC insurance coverage under Raymond James Bank Deposit Program (RJBDP) address FDIC insurance coverage, up to applicable limits, at the insured depository institutions that participate in RJBDP. Funds held at Raymond James Bank (Member FDIC), TriState Capital Bank (Member FDIC), and third-party FDIC-insured banks participating in the Bank Deposit Program are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor, per insured bank, for each account ownership category. The current list of participating FDIC-insured depository institutions can be found here. Certain conditions must be satisfied for pass-through FDIC deposit insurance coverage to apply. The Raymond James Bank Deposit Program relies on the services of IntraFi Network, LLC for the placement of deposits at insured depository institutions. If you maintain funds separately with banks in the program, you should monitor your total deposits at the applicable bank(s) to determine your FDIC coverage. Additional information regarding FDIC insurance can be found at fdic.gov or by calling 877. ASK.FDIC (877.275.3342).
© 2024 Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. are not FDIC-insured banking entities. FDIC insurance only covers the failure of FDIC-insured depository institutions and does not cover Raymond James & Associates, Inc. or Raymond James Financial Services, Inc. Unless otherwise specified, products purchased from or held at affiliated Raymond James Financial, Inc., companies are not insured by the FDIC or any other government agency, are not deposits or other obligations of Raymond James Bank or TriState Capital Bank, are not guaranteed by Raymond James Bank or TriState Capital Bank, may lose value, and are subject to investment risks, including the possible loss of the principal invested.
7Client Interest Program (CIP)
Raymond James & Associates is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). An explanatory brochure is available upon request or at sipc.org or by calling 202.371.8300. Raymond James has purchased excess-SIPC coverage through various syndicates of Lloyd's, a London-based firm. Excess SIPC is fully protected by the Lloyd's trust funds and Lloyd's Central Fund. The additional protection currently provided has an aggregate firm limit of $750 million, including a sub-limit of $1.9 million per customer for cash above basic SIPC for the wrongful abstraction of customer funds. 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.