Bank Insured Deposit Program

Liquidity, safety, and competitive yields for cash holdings with the security of FDIC insurance

Principal Preservation

Through the BIDP, eligible cash deposits will be eligible for up to $4 million in deposit insurance from the FDIC*, which greatly exceeds the maximum FDIC- insurable amount outside of the program. FDIC-insured investments are designed to remove the market and credit risks associated with money funds and direct short-term investments.

Daily Liquidity

BIDP enables investors to access funds at their discretion.


As each bank can have a maximum of $250,000 in cash deposits, many investors resort to holding their assets with multiple banks. The BIDP program provides both security and convenience, facilitating the consolidation of large deposit balances.

Competitive Returns

Investors have the ability to earn better interest rates on higher balances.

Household Assets with D.A. Davidson** Current Interest Rates (APR) Annual Percentage Yield (APY)***
>$2,000,000 0.70% 0.70%
$1,000,000 - $2,000,000 0.60% 0.60%
$500,000 - $1,000,000 0.55% 0.55%
$100,000 - $500,000 0.55% 0.55%
$50,000 - $100,000 0.45% 0.45%
$10,000 - $50,000 0.40% 0.40%
< $10,000 0.40% 0.40%

*This amount may vary depending on the number of banks participating in the program.

**Regardless of the value of household assets, all D.A. Davidson advisory accounts will receive the highest interest rate then offered by D.A. Davidson in the BIDP.

***The APY (Annual Percentage Yield) measures the total amount of interest paid on an account based on simple interest rate calculated daily and compounded and credited on a monthly basis. Note: D.A. Davidson reserves the right to change its asset tiers and interest rates at any time without notice.

Rates above effective 4/2/2018.

View the Priority Bank Lists

Your Financial Advisor can provide guidance and additional information on solutions appropriate for you and/or your business cash needs.

For Terms and Conditions and Important Disclosures on the BIDP, click here or refer to D.A. Davidson’s new account agreement.

In addition to Bank Insured Deposit Program, D.A. Davidson also offers Dreyfus Funds. For information on the Dreyfus Funds offered, please see the Prospectuses below:

Dreyfus Government Cash Management – Institutional Shares – DGCXX

Dreyfus Treasury Securities Cash Management – Institutional Shares – DIRXX

Dreyfus General Money Market Funds
General California Municipal Money Market Fund - Class B - GENXX
General Government Securities Money Market Fund - Class B - GSBXX
General Money Market Fund - Class B - GMBXX
General Municipal Money Market Fund - Class B - GBMXX
General Treasury Securities Money Market Fund - Class B - GTBXX