|Balance Tier||Annual Percentage Yield (APY)|
|$0 - $4,999.99||0.01%|
|$5,000.00 - $9,999.99||0.01%|
|$10,000 - $24,999.99||0.01%|
|$25,000 - $49,999.99||0.01%|
|$50,000 - $99,999.99||0.01%|
|$100,000 - $249,999.99||0.01%|
|$250,000 - $499,999.99||0.02%|
|$500,000 - $999,999.99||0.02%|
|$1,000,000 - $1,999,999.99||0.04%|
|$2,000,000 - $4,999,999.99||0.04%|
|$5,000,000 or more||0.04%|
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 »
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 FDIC.gov
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, brokerage services and managed account advisory services are offered by PNC Investments LLC, a registered broker-dealer and a registered investment adviser and member FINRA, and SIPC. Annuities and other insurance products are offered through PNC Insurance Services, LLC, a licensed insurance agency.
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.