Bank Insured Deposit Program

Cash Sweep & Cash Management Account

Davidson Bank Insured Deposit Program

Bank Insured Deposit Program

The D.A. Davidson & Co. Bank Insured Deposit Program (BIDP) is an interest-bearing, cash sweep and cash management program that automatically "sweeps" cash to and from eligible D.A. Davidson investment accounts on every business day. Deposits are distributed to one or more BIDP program banks where they receive FDIC insurance protection up to applicable FDIC limits. For more information about FDIC insurance, including limits per institution, visit www.fdic.gov.

Cash balances in each of the BIDP program banks are reported on D.A. Davidson's periodic account statements. Because the list of program banks changes from time to time, the most current list of program banks and locations is continually updated and may be found at the bottom of this page.

As D.A. Davidson's primary cash sweep and cash management program, the BIDP offers ready access to cash through checkwriting, ACH electronic fund transfer, even optional ATM, credit card and automatic bill-pay depending on your account type. A D.A. Davidson Financial Consultant can tell you more.

The interest paid on deposits to the BIDP varies depending on the value of a client's household assets at D.A. Davidson & Co. The chart below illustrates the current household value levels and the corresponding interest rate and annual percentage yield (APY).

For Terms and Conditions and Important Disclosures on the BIDP, click here or refer to D.A. Davidson's new account agreement.

Household Assets
with D.A. Davidson*		 Current Interest Rates
(APR)		 Annual Percentage Yield
(APY)**
> $1.5 Million 0.02% 0.02%
$600,000 - $1.5 Million 0.01% 0.01%
$100,000 - $600,000 0.01% 0.01%
$50,000 - $100,000 0.01% 0.01%
$10,000 - $50,000 0.01% 0.01%
< $10,000 0.01% 0.01%

*Regardless of the value of household assets, all D.A. Davidson advisory accounts as well as D.A. Davidson employee accounts will receive the highest interest rate then offered by D.A. Davidson in the BIDP.

**The APY (Annual Percentage Yield) measures the total amount of interest paid on an account based on simple interest rate calculated daily and compounded and credited on a monthly basis.

Note: Davidson reserves the right to change its asset tiers and interest rates at any time without notice. Rates above effective 08/23/2011.

Participating Banks

  • Associated Bank NA
    Green Bay, WI
  • Banco Popular North America
    Rosement IL
  • Bank of America
    Charlotte NC
  • Bank of East Asia
    New York NY
  • BB & T
    Lumberton NC
  • Columbus Bank & Trust
    Columbus GA
  • Deutsche Bank
    New York, NY
  • East West Bank
    Pasadena, CA
  • First Niagara Bank
    Lockport NY
  • First State Bank of Tennessee
    Union City, TN
  • GE Capital Bank
    Salt Lake City UT
  • Israel Discount Bank
    New York NY
  • NY Community Bank
    Westbury, NY
  • Plains Capital Bank
    Dallas, TX
  • RBS Citizens Natl Assn
    Providence RI
  • Sona Bank
    Mclean VA
  • Umpqua Bank
    Roseburg OR
  • Western Security Bank
    Kalispell MT



Important Disclosures :: Copyright 2005 - 2013 D.A. Davidson & Co.