Cash sweep services
Make your uninvested money work harder for you.
How does the NM FDIC Insured Deposit Program fit into your plan?
The NM FDIC Insured Deposit Program is the primary product in our Cash Sweep Program and will earn a daily interest rate for your uninvested assets. It'll be insured by the Federal Deposit Insurance Corporation (FDIC) for up to $2.5 million1,2 and unlike many other programs, pays a consistent return regardless of the amount you have invested. It's a simple way for you to grow your temporary cash balances, helping you get closer to your financial goals.
The strength of our NM FDIC Insured Deposit Program
Account-level cash thresholds
Source: Crane Data or specific program's disclosures, as of November 2019. Image is for illustrative purposes only. Rates fluctuate daily.*Effective Yield refers to the Interest Rate clients receive for participation in FDIC Insured Deposit Programs. The applicable interest rate resulting in such yields is determined solely
by each specific institution. With respect to the NM FDIC Insured Deposit Program, please refer to the applicable Rate Sheet and Terms and Conditions disclosure documents.
Who is the NM FDIC Insured Deposit Program intended for?
The NM FDIC Insured Deposit Program can be used by anyone with established investment accounts looking to safeguard their uninvested assets in a highly liquid, interest-bearing vehicle with minimal effort.
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Our financial advisors can help determine if our new NM FDIC Insured Deposit Program fits into your financial plan.Let's Talk
To learn more about Northwestern Mutual Investment Services, LLC and its financial professionals, visit FINRA BrokerCheck®
1In addition to the deposits insured up to $250,000 per bank held in an individual capacity, funds deposited into accounts owned jointly by two or more people are aggregated and separately insured up to $250,000 for each joint account owner, if each of the joint account owners is an individual person and has an equal right to withdraw funds from the account.
2FDIC Insured Deposit Program interest rates will fluctuate and are based on the prevailing market and the rates paid by the Program Banks participating in the program. Balances in this program are not insured by the SIPC.
No investment strategy can guarantee a profit or protect against loss. All investments carry some level of risk including the potential loss of principal invested. Financial Representatives do not give legal or tax advice. Taxpayers should seek advice based on their particular circumstances from an independent tax advisor.
Cash sweep product yields fluctuate. FDIC insured deposit programs are not covered by the SIPC. Money market funds are subject to SIPC coverage limits, but money market funds are not insured against market loss. An investment in any money market fund is not insured or guaranteed by the FDIC or any government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund.
Clients should refer to the appropriate prospectus or NM FDIC Insured Deposit Program Disclosure Statement for important information.