Enable your clients to consolidate their investment and banking activity into one account. Clients can select from cash sweep vehicles including an FDIC insured accounts, as well as a full menu of money market funds offering competitive yields.
COR Clearing FDIC Insured Deposits
COR Clearing's deposit accounts are FDIC Insured with the money balances being held directly with the participating banks within the COR Clearing FDIC Sweep program.
As a result, deposits in checking accounts, savings accounts, money market savings accounts and Certificates of Deposit (CDs) are insured up to $250,000 per depositor, per insured bank, for each account ownership category under the FDIC's general deposit insurance rules. Deposits in bank individual retirement accounts (IRAs) are separately insured up to $250,000 per owner.
To learn more, contact the FDIC toll-free at 1-877-ASK-FDIC (1-877-275-3342) or visit www.fdic.gov.
Money Market Funds Sweep
Your COR Clearing Account offers a wide selection of both taxable and tax-free funds to meet a variety of needs. Through our platform we provide a comprehensive assortment of funds that are managed by some of the nation’s largest mutual fund companies. COR Clearing also offers the clients of our introducing broker-dealers the ability to sweep uninvested cash into an income producing investment. For a complete list of mutual fund or sweep options contact our Customer Services Desk on 402-384-6180.