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Brokered Liquid Deposit offers a competitive, high yield annual percentage rate (APY) compared to those of a retail Money Market Fund. Rates are subject to change. Ready access to funds. Get easy and quick access to your money for personal needs or your next opportunity.
Brokered Liquid Deposit is a cash alternative that is available through your Financial Advisor. Brokered Liquid Deposit can help manage your non-transactional cash needs and provide a competitive yield for eligible Wells Fargo Advisors brokerage accounts.
The Wells Fargo Advisors Brokered Liquid Deposit is a cash alternative available through your Financial Advisor. Investors with eligible Wells Fargo Advisors brokerage accounts1 can use Brokered Liquid Deposit as a cash-management tool and a potential source of yield.
Brokered deposits are investments created when a deposit broker buys deposits from a bank and resells them to investors at an attractive interest rate.
Wells Fargo Advisors offers a sweep feature with three options for clients to earn a return on uninvested cash balances in their account — The Standard Bank Deposit Sweep, Expanded Bank Deposit Sweep and the Money Market Fund Sweep.
The minimum opening deposit for a Standard Fixed Rate CD is $2,500, unless otherwise noted. The interest rates and Annual Percentage Yields displayed here are for the Wells Fargo Bank locations in the California counties of Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano and Sonoma.
Brokered Liquid Deposit is now available with a minimum opening deposit of $100,000. If you’re looking to make your excess cash work harder, this could be an option for you. Read More