PNC Investments Bank Deposit Sweep Program (BDSP)

Current APY is subject to change. Effective as of February 1, 2023.

Balance Tier Annual Percentage Yield (APY)
$0 - $4,999.99 0.66%
$5,000.00 - $9,999.99 0.66%
$10,000 - $24,999.99 0.66%
$25,000 - $49,999.99 0.66%
$50,000 - $99,999.99 0.66%
$100,000 - $249,999.99 0.66%
$250,000 - $499,999.99 0.66%
$500,000 - $999,999.99 0.66%
$1,000,000 - $1,999,999.99 0.66%
$2,000,000 - $4,999,999.99 1.55%
$5,000,000 or more 1.55%

How PNC Investments Does Business

Learn how PNC Investments does business, including our qualifications, business practices, fee schedules, and options for how you can work with us by reviewing our Client Relationship Summary, Overview of Products and Services and more. View Details »

Important Legal Disclosures & Information

The Program creates financial benefits for PNC Investments. We will receive fees equal to a percentage of total average daily deposits in the Program. Amounts will vary depending on market conditions, but will range between 1.5% and 3% of the total daily average BDSP deposits. For more information on our Bank Deposit Sweep Program please see the following, Bank Deposit Sweep Program Disclosure.

BDSP (or the “Program”) is the core account investment vehicle for most account types at PNC Investments.

Through the Program, cash balances in your Brokerage account (resulting from selling securities, deposits, dividend and interest payments and other activities) will be automatically deposited or “swept” into interest-bearing FDIC-Insurance eligible Program deposit accounts at PNC Bank, an FDIC-insured depository institution. If your account is ineligible to participate in the Program, other sweep options will be made available for your account.

For more information on the Program, please see the PNC Investments Proprietary Bank Deposit Sweep Program Disclosure Document, available through your Investment Representative or by calling us at 800-622-7086.

For information on FDIC insurance coverage, please see

Important Investor Information: Brokerage and insurance products are:

Not FDIC Insured • Not Bank Guaranteed • Not A Deposit
Not Insured By Any Federal Government Agency • May Lose Value

Securities products and brokerage services as well as managed account advisory services to US based clients are offered by PNC Investments LLC, a registered broker-dealer and a registered investment adviser and Member FINRA and SIPC. Managed account advisory services for non-US based clients are offered by PNC Managed Account Solutions, Inc., a registered investment adviser. Annuities and other insurance products are offered through PNC Insurance Services, LLC, a licensed insurance agency.

PNC Investments, PNC Insurance Services and PNC Managed Account Solutions do not provide legal, tax, or accounting advice.

Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.