The Northern Trust Deposit Sweep Program Rates vs. Best CD Rates Available

Northern Trust Deposit Sweep Program Rates are listed below, when compared to current CD rates available, the deposit sweep rates are not that completive. For example, the best CD rates on 12-month CD listed in our database of rates are over 6.00% APY. You'll also find hundreds of 12-month CD rates over 5.00% APY. Compare Northern Trust rates with other bank rates below.

Overview: Northern Trust Securities (NTSI) collaborates with National Financial Services to offer the Bank Deposit Sweep Program. This allows eligible clients to earn interest on cash in their NTSI brokerage accounts. The cash is automatically moved to interest-bearing accounts at Northern Trust Company. This is the default option for cash in brokerage accounts.

Eligibility: Account type and ownership nature determine eligibility. Deposits are FDIC-insured up to applicable limits.

Interest: Rates change periodically. Interest is added to your brokerage account statement monthly.

Withdrawals: Withdrawing funds to cover debits in your brokerage account will reduce your deposit.

More Info: Visit www.northerntrust.com/bdsp-info or call 1-800-621-4482.

Note: APYs are based on a one-year deposit at the listed interest rate, with interest compounded monthly. Withdrawals lower earnings. To find the best CD rates, compare other bank rates with rates at Northern Trust.