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.
- 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
- Certificates of Deposit (CDs)
- Money market funds
- Short-term fixed income options
Watch this video to learn about our cash management solutions
Everyday Spending Solutions
Purchase investments, pay bills and manage daily expenses.
|Capital Access cash management account||Cash Sweep Programs|
|Raymond James Bank Deposit Program (RJBDP)||Client Interest Program (CIP)|
|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|
|Rate/Yield||Rates determined by the selected Cash Sweep option – for Cash Sweep rates click here||0.10% - 1.15%|
|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 million1||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|
Savings & Strategic 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.
|Money Market Funds||Short Term Fixed Income||Certificates of Deposit (CDs)||Eagle Institutional Cash Management|
|Description||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 offer 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 certificates of deposit, Treasuries, short-term corporate and municipal bonds that provide various yields and maturities.||Consider including brokered FDIC insured certificates of deposit in your account to earn income while also helping achieve principal preservation goals.||Separately managed account through Eagle Asset Management.|
|Offered through||Raymond James||Eagle Asset Management|
|Rate/Yield||Varies by strategy, contact your financial advisor|
|FDIC Insurance or SIPC Protection||SIPC and Excess SIPC||Varies based upon investments||Standard FDIC of $250,000 per issuer||Varies based upon investments|
|Features and other information||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 utilizing specific strategies to meet your goals and providing for your financial well-being.||Brokered certificates of deposit offer a wide range of maturities to match an investor's investment objective and also carry an estate protection feature.
CDs can be liquidated in the secondary market prior to maturity at prevailing market prices.
|For entities seeking preservation of capital and liquidity while earning an attractive yield.
Each client portfolio is customized according to an investment policy statement reflecting client cash flows.
|Learn more||Learn more||Learn more||Learn more|
1The banks we sweep your funds to are based on a priority list, which is available at raymondjames.com/rjbdp. All deposits and withdrawals at the banks will be made by Raymond James on your behalf. If you maintain funds separately with banks in our program, you should monitor your total deposits at the applicable bank(s) to ensure they do not exceed FDIC insurance limits of $250,000 ($500,000 for joint accounts). 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.com/sweeprates and through your financial advisor.
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 LIBOR 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.
All funds held at Raymond James Bank and participating banks 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. Additional information can be found at fdic.gov or by calling 877.ASK.FDIC.
Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. are affiliated with Raymond James Bank, National Association (N.A.). 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, N.A., are not guaranteed by Raymond James Bank, N.A., and are subject to investment risks, including possible loss of the principal invested.
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.
While interest on municipal bonds is generally exempt from federal income tax, it may be subject to the federal alternative minimum tax, or state or local taxes.
Short Term Fixed Income, and Eagle Institutional Cash Management accounts are subject to market fluctuations and investors may realize a profit or a loss.
Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. are affiliated with Eagle Asset Management, Inc.