Insured Bank Deposit Program

What is an insured bank deposit?

We work with clients to help them achieve important long-term goals, but we also know that you have short-term savings needs and expenses to pay along the way. Edward Jones offers solutions that provide Federal Deposit Insurance Corporation (FDIC) protection for money that you're saving or need to spend in the near future. One of these is our Insured Bank Deposit Program.

The Edward Jones Insured Bank Deposit Program is an interest-bearing savings solution that includes FDIC protection. This program offers a competitive interest rate and up to $1.5 million of FDIC coverage for your savings ($3 million for joint accounts of two or more people).


By using our Insured Bank Deposit Program, you gain the convenience of having your FDIC-insured deposit and your investments on one statement. This can mean less paperwork and help to ensure everything is working together to support your overall financial strategy.


  • Deposits are FDIC-insured up to $1.5 million ($3 million for joint accounts of two or more people)
  • Access to your funds via check writing and debit card
  • Transfer money electronically to and from your outside checking or savings account at no additional cost
  • Direct deposit, online bill payment and direct debit for one-time or recurring payments
  • One consolidated statement showing your cash and investments
  • Low minimum initial deposit of $2,500

How it works

When you place cash into our Insured Bank Deposit Program, deposits are made on your behalf into interest-bearing accounts at one or more FDIC-insured banks within the program. If your Insured Bank Deposit balance nears the FDIC limit at one of these banks, any additional cash is deposited at the next bank on a list of program banks to help ensure you don't exceed current limits. By using multiple banks versus a single bank, the program is able to provide up to $1.5 million of FDIC insurance for your deposits.

FDIC insurance limits apply to all of your eligible deposits at a bank, whether made by you or on your behalf. If you have other assets at one or more of our program banks, you may exclude that bank from holding your Insured Bank Deposit balances so you do not exceed current FDIC limits. While you are responsible for monitoring your total deposits at program banks, any certificates of deposit (CDs) you own through Edward Jones may be taken into account when we allocate your Insured Bank Deposit balances to help you stay within FDIC limits.



How we can help

You financial advisor can help you figure out how insured bank deposits fit into your overall investment strategy.

The FDIC insurance limit for all insurable capacities in the Insured Bank Deposit program is $250,000 per program bank. The insurance limit applicable to any deposits (including certificates of deposit) that you maintain in the same capacity directly with a bank, or through an intermediary (such as Edward Jones or another broker-dealer), will be aggregated with deposits in your deposit accounts at the program bank for purposes of the FDIC insurance limit. For example, if you have deposits in a bank through the program and also have made deposits at that bank outside the program, all of these deposits will count toward the FDIC limit. You are responsible for monitoring the total amount of deposits that you hold with any one bank, in order to determine the extent of FDIC deposit insurance coverage available to you. Go to for more information about the Edward Jones Insured Bank Deposit program, including the program disclosure document. Go to for more information about FDIC insurance.

Excluding a bank from holding your Insured Bank Deposit balances may result in a lower available program limit for FDIC insurance.

For the Insured Bank Deposit program, the program interest rate is impacted by several factors, including the total amount paid on deposits by the program banks, the fee paid to Edward Jones and a fee paid to a third party that assists Edward Jones in operating the program. Edward Jones determines the portion of revenue it receives as a fee. The fee paid to Edward Jones will affect the interest rate and may exceed the amounts paid to clients in the form of interest. Neither the program banks nor Edward Jones is required to offer the highest rates available or rates comparable to money market mutual fund yields. In contrast, money market mutual funds generally seek to achieve the highest rate of return consistent with their investment objectives, which can be found in their prospectuses.

Unlike the Insured Bank Deposit program, non-deposit investments held by your broker-dealer are NOT FDIC INSURED / NOT BANK GUARANTEED / MAY LOSE VALUE.

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