Insured Deposit Program
The Wedbush Insured Deposit Program is an FDIC-insured cash sweep option as an alternative to the free credit cash account.
If you utilize the Sweep Program, available cash balances will be swept through the Program into interest-bearing Deposit Accounts at one or more participating banks on the Deposit Bank List below. The Deposit Accounts held at any Deposit Bank participating in the Program will be eligible for FDIC insurance up to the maximum applicable deposit insurance amount, which currently is $250,000 in the aggregate at each Deposit Bank. Through the Program, joint accounts are eligible for FDIC insurance up to $500,000 per Deposit Bank. Please see the Terms and Conditions for more information. For additional information about FDIC insurance coverage, please visit the FDIC website at www.FDIC.gov.
Available cash balance is swept to an FDIC-insured, interest-bearing Deposit Account at one or more Deposit Banks. The deposit is eligible for FDIC insurance, subject to FDIC insurance coverage limits. For more information about FDIC insurance coverage, please visit the FDIC website at www.FDIC.gov or call 877-ASK-FDIC. Customers are responsible for monitoring their total assets at the Program Bank to determine the extent of available FDIC insurance. All FDIC insurance coverage is in accordance with FDIC rules.
Deposit Bank List
as of 8/14/25
Program Bank
Location
Wilmington, DE
Cadence Bank
Cal Private Bank
La Jolla, CA
EagleBank
Bethesda, MD
Tristate Capital Bank
Pittsburgh, PA
United Community Bank
Blairsville, GA
Veritex Community Bank
Dallas, TX
Webster Bank N.A.
Stamford, CT
Key Program Features
Already a client?
As an existing client, you do not need to go through the application process. Simply click here to access the Wedbush Insured Deposit Consent Form, which will take a minute or two to complete – just sign, date, and send it back to us. Easy.
Please contact your Advisor with any questions.