Wells Fargo Advisors Cash Sweep Rates & Yields

Bank Deposit Sweep

Our Cash Sweep Program allows 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 Bank Deposit Sweep is the exclusive taxable sweep offering for all eligible accounts and the only sweep option available for eligible Standard Investment Accounts.

As a feature of the Command Asset Program, all accounts in a client household with a Command Account are eligible for the preferred Command interest rate on the Bank Deposit Sweep*.

Bank Deposit Sweep Rates as of

  Command Asset Program Standard Brokerage Accounts
Household Assets Interest Rate Annual Percentage Yield Interest Rate Annual Percentage Yield
$0 + 0.01% 0.01% 0.01% 0.01%

Cash Sweeps - Money Market Funds

As of

For Advisory ERISAs a special non-proprietary Money Market Mutual Fund sweep is used. A Financial Advisor can provide additional information regarding Advisory Programs and ERISAs.

For accounts ineligible for the Bank Deposit Sweep (such as government accounts, insurance companies, banks and credit unions), the following sweep option is available.

Fund 7-day Current Yield 7-day Effective Yield
WF 100% Treasury Money Market – Sweep Class1,3 0.00% 0.00%

*The money market funds offered in the cash sweep program include those for which an affiliate of Wells Fargo Advisors provides investment management or other services.

The Bank Deposit Sweep consists of interest-bearing deposit accounts at four banks ("Affiliated Banks") affiliated with Wells Fargo Advisors. The rate of return for each sweep option shown will vary over time and may be lower than rates available to clients making deposits directly with Affiliated Banks, or at other banks, or available by investing directly in other money market funds not offered through the sweep program. The rate will be tiered based upon account type and the overall household value of your account(s) with Wells Fargo Advisors. For further information, please see the Wells Fargo Advisors Cash Sweep Program Disclosure Statement (PDF).

Past performance does not guarantee future results. The performance quoted represents past performance and current performance may be higher or lower. Investment return and principle value of a money market fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance includes the reinvestment of income dividends and capital gain distributions. The 7-Day Current Yield is based on the average net income per share over a 7-day period and is expressed as an annualized percentage rate. The 7-Day Effective Yield is based on the 7-Day Current Yield and then compounded and annualized. Although each money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these funds. An investment in these funds is not guaranteed or insured by the FDIC or any other government agency and not a deposit of any bank affiliate. The yields for each money market fund will fluctuate and there can be no guarantee that a fund will achieve its objective or any particular tax-exempt yield. Please consider the investment objectives, risk, charges and expenses carefully before investing. Money Market Fund prospectuses, which contain this and other information, can be obtained by calling your Financial Advisor. Read the prospectus carefully before you invest. Information current as of 01/25/2016.

1The advisor is waiving a portion of its advisory fee. Had the fee not been waived, returns would have been lower.
2Income may be subject to federal alternative minimum tax as well as local income taxes.
3U.S. government guarantees apply only to certain securities held in the fund’s portfolio and not to the fund’s shares.
- Promotional rates may apply in certain markets.
- Beginning January 1, 2006, only the Bank Deposit Sweep Option will be available to all new Investment Accounts, eligible business investment accounts and non-Command Asset Program IRAs.
- For Bank Deposit Sweep rate tiers, clients with a Command Asset Program or in higher asset tiers will generally receive higher interest rates. The grouping of accounts into a household is based on account eligibility and family relationships. Please contact your Financial Advisor to find out more about householding and to ensure all eligible accounts are grouped in a household. We reserve the right to change the asset tiers from time to time. Rates in each asset tier will vary over time.

Wells Fargo Clearing Services, LLC (WFCS) is a non-bank affiliate of Wells Fargo & Company. Wells Fargo Funds Management, LLC is the investment advisor on each of the mutual funds within the Wells Fargo family of funds. WFCS may receive compensation and indirect benefits from Wells Fargo Funds Management, LLC, Wells Fargo Funds and from other Wells Fargo affiliates.

If you have questions concerning your Cash Sweep Rates, please contact your Financial Advisor.

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