Raymond James Bank Enhanced Savings Program

A better way to make cash part of your long-term financial plan

Put your cash to work

Your cash savings can make a greater contribution to your financial goals – beyond just being there when you need them. The Enhanced Savings Program offers a high yield and a high degree of security – up to $50 million is FDIC-insured – to help your money grow more quickly with minimal risk in support of your long-term goals.

Powerful, flexible and safe
The Enhanced Savings Program offers an innovative way to earn interest on qualifying cash* by linking your brokerage account to a high-yield Raymond James Bank account. Your bank deposits are protected by a network of banks, each providing up to $250,000 in FDIC insurance, allowing for combined FDIC insurance of up to $50 million. And your advisor can quickly and easily transfer funds between your accounts to help you manage your liquidity efficiently.

Connecting your cash savings to your investment portfolio allows for more comprehensive financial planning, whether you’re setting money aside for the security of knowing it’s there or for a specific purpose, such as purchasing a second home.

Leverage high yield, the security of FDIC insurance and the liquidity of cash – all at once.

Enhanced Savings Program benefits:

  • Offers yields currently higher than standard saving or checking accounts
  • Up to $50 million in combined FDIC insurance through a network of banks, each providing up to $250,000 in FDIC insurance
  • No bank fees
  • No holding periods
  • Streamlined account opening – just a few clicks in a fully electronic process
  • Paperless – statements and balances are available in your Client Access portal

Getting started

Your advisor can provide you with access to the Enhanced Savings Program quickly and easily. An account can be opened with net new money brought to Raymond James from external sources.

The Enhanced Savings Program is designed for clients who strategically hold significant cash for the long term and prefer a higher degree of security. It is suitable for individuals and business owners, as well as institutions that require FDIC insurance on cash balances. An Enhanced Savings Program account is not suitable for everyday cash.

Please contact your financial advisor for the current Enhanced Savings Program interest rate.

*Qualifying cash may vary. It is generally defined as net new money brought to Raymond James from external sources. Contact your advisor to confirm what currently constitutes qualifying cash.

Cash on deposit at FDIC-insured institutions through the Enhanced Savings Program offered by Raymond James Bank is insured by the FDIC up to $250,000 per insurable capacity per depository institution (bank), subject to applicable FDIC rules and limitations.

The minimum deposit required to open an Enhanced Savings Program account is $100,000.

The Enhanced Savings Program relies on the services of IntraFi Network, LLC for the placement of deposits at a network of third party FDIC-insured depository institutions. The current list of FDIC-insured depository institutions in the network is shown at https://www.intrafinetworkdeposits.com/find-intrafi-network-deposits/.

© 2023 Raymond James Bank, member FDIC. Raymond James® is a registered trademark of Raymond James Financial, Inc. Raymond James & Associates, Inc., and Raymond James Financial Services, Inc., are affiliated with Raymond James Bank. Unless otherwise specified, products purchased from or held at Raymond James & Associates or Raymond James Financial Services are not insured by the FDIC, are not deposits or other obligations of Raymond James Bank, are not guaranteed by Raymond James Bank, and are subject to investment risks, including possible loss of the principal invested. Banking and lending solutions are offered through Raymond James Bank, an affiliate of Raymond James & Associates, Inc., and Raymond James Financial Services, Inc. Investing involves risk and you may incur a profit or loss regardless of strategy selected. © 2023 Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. © 2023 Raymond James Financial Services, Inc., member FINRA / SIPC. Investment products are: not deposits, not FDIC/NCUA insured, not insured by any government agency, not bank guaranteed, subject to risk and may lose value.