Deposit Accounts

As an investment client, your banking needs go beyond the services offered by the average bank.

In addition to offering all of the features you’ve come to expect from deposit products, Raymond James Bank provides additional benefits designed with the Raymond James investment client in mind. Our benefits include:

  • Consolidated account information
    Eliminating the need for additional paperwork, this grants you the convenience of having both your bank and investment statements consolidated.
  • FDIC insurance
    Enjoy the security of knowing your deposits are insured by the FDIC for up to $250,000 per depositor.
  • Online Banking and Bill Pay services
    Our Online Banking service offers you the ability to access your Raymond James Bank accounts to check your account balances, transfer funds between accounts, view account history and much more.
  • Direct deposits and automatic withdrawals
    Experience the ease of knowing that your checks will be deposited into your account on time. Set up direct deposit of any regular income, including pension and retirement checks, dividend and interest payments, and payroll deposits.
  • Overdraft protection
    With overdraft protection (available for checking accounts), you can set up pre-authorized transfers from your Raymond James Bank money market account, savings account or Home Equity Line of Credit. Overdraft protection options vary according to account type. Request a service charge brochure for related fees.

Deposit Rates

For information regarding our rates, call our Client Service team at 800.718.2265, option 4 or contact your advisor.

Certificates of Deposit (CDs)
Rates effective June 5, 2020 and are subject to change without notice.

  Interest Rate Annual Percentage Yield
(APY)
Minimum Opening Deposit
(purchased through Raymond James
brokerage account)
Minimum Opening Deposit
(not purchased through Raymond James
brokerage account)
TERM
90 Days 0.10% 0.10% $5,000 $1,000
6 Months 0.15% 0.15% $5,000 $1,000
12 Months 0.20% 0.20% $5,000 $1,000
18 Months 0.25% 0.25% $5,000 $1,000
24 Months 0.25% 0.25% $5,000 $1,000
36 Months 0.40% 0.40% $5,000 $1,000
48 Months 0.55% 0.55% $5,000 $1,000
60 Months 0.80% 0.80% $5,000 $1,000

CDs may be opened for any term between 90 days and five years. There is a substantial penalty for early withdrawal. Certificates are nonnegotiable and cannot be sold on the secondary market.

Checking, Savings & Money Market Non-Sweep Accounts
Rates effective June 4, 2020 and are subject to change without notice.

Minimum Balance to Obtain Disclosed APY (USD) Interest Rate Annual Percentage Yield (APY)
CHOICE RATE CHECKING ACCOUNT
Over $10,000 0.01% 0.01%
$1,000-9,999.99 0.01% 0.01%
$0-$999.99 0.00% 0.00%
SIMPLY SAVINGS ACCOUNT
Over $2,500 0.01% 0.01%
$500-2,499.99 0.01% 0.01%
$0-$499.99 0.01% 0.01%
MONEY MARKET NON-SWEEP ACCOUNT
Over $5,000 0.01% 0.01%
$0-$4,999.99 0.01% 0.01%

In order to obtain the disclosed APY on your Choice Rate Checking account, you must maintain a minimum daily balance of $1,000 each day during the statement period.
A total of six withdrawals are allowed per statement period on Money Market and savings accounts. Fees may reduce the earnings on the account.

Products, terms and conditions subject to change. Subject to standard credit criteria. Call Raymond James Bank for rates and other information.