Rates

View the Important Disclosures about the Raymond James Bank Deposit Program

Sweep product comparison chart

Rates on this page:

• Client Interest Program^® (CIP)
• Money Market Funds
• Raymond James Bank, RJBDP

Notice (Posted 12/18/2008)
Raymond James is committed to providing competitive rates on taxable cash sweep options, commensurate with an appropriate level of risk. Credit concerns and the Fed cutting rates have driven overnight rates to historically low levels to the point where Raymond James Bank and Raymond James & Associates – the respective holders of RJBDP and CIP sweep balances – have experienced more frequent occurrences of earning less than is paid on client cash balances.

With the significant decline in interest rates, the minimum balance and related rate information for the Raymond James Bank Deposit Program (RJBDP) has been updated to remove reference to a guaranteed minimum interest rate, previously .10%.

This change has been made to the online version of “Your Rights and Responsibilities as a Raymond James Client,” and will be included in December statements.

Client Interest Program^® (CIP)

To assist our clients in achieving a higher level of freedom and convenience with their investment transactions, the Client Interest Program can be used as a short-term depository for funds awaiting investment. While offering clients an attractive rate of interest on their available funds, CIP provides the assurance of knowing cash is protected up to $100,000 by the Securities Investor Protection Corporation (SIPC) in the event of the firm’s liquidation. Read more.

* Effective date: January 8, 2009. Rates subject to change without notice.

Each account custodied by Raymond James & Associates is protected for the net equity of the client’s securities and cash positions. The Securities Investor Protection Corporation (SIPC) provides $500,000 of net equity protection, including $100,000 for claims for cash awaiting reinvestment. Please visit www.sipc.org for more information about SIPC coverage. We then provide additional protection (excess SIPC) through Customer Asset Protection Company, a licensed Vermont insurer rated A+ by Standard & Poor’s. Account protection applies when a SIPC-member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against market fluctuations.

Eagle Money Market Accounts**

As another alternative for clients seeking to achieve income on cash balances while protecting principal, we offer the Eagle Money Market Fund** and the Eagle Municipal Money Market Fund**. While both funds offer check writing capabilities, free personal checks and no penalties for withdrawals, the Eagle Municipal Money Market Fund provides for earnings that are generally exempt from federal taxes. Before investing in either fund, please ask us for a prospectus containing more complete information on all fees and charges and read the prospectus carefully before investing or sending money.

What You Should Know about the Treasury Department’s Temporary Guarantee Program for Money Market Mutual Funds

An investment in the Eagle** money market is neither guaranteed nor insured by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the fund. Investors should carefully consider the investment objectives, risks, charges and expenses of the Heritage money market before investing. The prospectus contains this and other information about the Heritage money market. The prospectus is available from your financial advisor and should be read carefully before investing.

**Effective May 1, 2009, the Heritage Money Market Fund and the Heritage Municipal Money Market Fund will be renamed Eagle Money Market Fund and Eagle Municipal Money Market Fund.

Raymond James Bank, RJBDP

Raymond James Bank* makes it possible to combine banking services with traditional securities and trust services, enabling you to take advantage of a broad range of financial support. All of your assets custodied at Raymond James can appear on one consolidated statement which will detail activity in all accounts each month. View additional Raymond James Bank rates.

Raymond James Bank Deposit Program (RJBDP)

Rates effective January 8, 2009. Rates subject to change without notice.

*A.P.Y. - Annual Percentage Yield (includes daily compounding of interest) - rates should always be quoted as an A.P.Y.

Raymond James Bank deposits are insured by the FDIC up to $250,000 per depositor* ($250,000 for IRAs and certain other retirement accounts).

* Legislation increasing deposit insurance coverage limits from $100,000 per eligible account and account holder to $250,000 took effect October 3, 2008, and is currently set to expire December 31, 2009. IRAs and certain other retirement accounts insured for up to $250,000 prior to this legislation will continue to be insured for that amount after December 31, 2009, barring any further legislative changes. The deposit insurance coverage limits refer to the total of all deposits that an account holder (or account holders) has at each FDIC-insured bank. Visit fdic.gov for more information.

Raymond James & Associates, Inc., and Raymond James Financial Services, Inc., are affiliated with Raymond James Bank, member FDIC, a federally chartered savings bank. Unless otherwise specified, products purchased from or held at Raymond James & Associates 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.