Cash Sweep Services
Make your uninvested money work harder for you.
What are cash sweep services?
Cash sweep services automatically transfer uninvested cash held in your investment account, such as incoming deposits, dividends, interest and proceeds from sales, into interest-bearing accounts at multiple banks (providing FDIC insurance) or a money market mutual fund.
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 $5.0 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.
Take a look at more detailed information about the new Northwestern Mutual FDIC Insured Deposit Program including our rate sheet, bank list, and fee schedule.
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.
Ready to take the next step?
Our financial advisors can help determine if our new NM FDIC Insured Deposit Program fits into your financial plan.
It's easy to get started—no commitment, just a conversation
Broker-Dealer Disclosure
To learn more about Northwestern Mutual Investment Services, LLC and its financial professionals, visit FINRA BrokerCheck®.
Visit our Client Relationship Summaries (Form CRS) for information about our firms that provide brokerage and advisory services.