M2 Trust Cash Management Account Sweep Rates and Yields
Cash Management Account Sweep Program
The Cash Management Account (“CMA”) Sweep Program allows self-directed IRA and certain retail business clients to earn a return on uninvested cash balances by automatically “sweeping” cash balances into a sweep vehicle until such balances are invested or otherwise used to satisfy obligations arising in the account.
The interest rate paid by the Cash Management Account will vary over time and is tied to the national average rate for a bank savings account (Non-Jumbo Deposits <$100,000). For information regarding the current interest rate, please click the link below:
As of April 2020, the FDIC insured banks listed below are participating in the CMA Sweep Program. The rate of return for the CMA Sweep Program will vary over time and may be lower than rates available to clients making deposits directly with the participating banks, or at other banks. We determine the amount of interest being paid, which banking institutions will participate and the amount of deposits held at each institution. We provide this service as the authorized Custodian and agent for your account and not in a fiduciary capacity. The banks participating in our Cash Management Account Program may change without notice.
TriState Capital Bank
One Oxford Centre
Pittsburg, PA 15219
First Internet Bank of Indiana
11201 USA Parkway
Fishers, IN 46038
Contact Person: Paul E. Maxwell, President Trust Division
Phone: (303) 962-7363
Toll Free: (888) 265-1225