Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.
Ameriprise Financial Services, LLC is not an FDIC- insured bank; FDIC insurance only covers the insolvency of FDIC-insured banks.
Certain conditions must be satisfied for pass-through FDIC insurance coverage to apply.
If your account sweeps to the Ameriprise Insured Money Market Account (“AIMMA”), our multi-bank sweep program, AEIS receives and retains compensation for its services related to AIMMA based on the cash deposits held at each program bank. This compensation is negotiated between each FDIC member bank (“Program Bank”) and AEIS, or between the Program Bank and our vendor, IntraFi Network LLC, and is based on a benchmark interest rate, such as the Federal Funds Rate, plus or minus a spread. For example, if the Program Bank holding your cash sweep balance has agreed to pay AEIS the Federal Funds Rate plus 0.10%, and the Federal Funds Rate is 4.75% AEIS would receive 4.85% on your cash balance. If you are credited with interest of 0.30% on the cash balance, AEIS would retain 4.55% as compensation for its services, from which it would pay its vendors and the internal costs of operating the sweep program. As of October 7, 2024, the rates paid by unaffiliated banks in the program were up to 5.50% but, depending on movement of interest rates, this can change.
Elan Financial Services is the creditor and issuer of Ameriprise® Visa Signature® credit cards, pursuant to a license from Visa U.S.A. Inc., and does not administer the account Rewards Program.
Ameriprise Bank, FSB provides deposit, lending, and personal trust products and services to its customers, including clients of Ameriprise Financial Services, LLC. (“AFS"). Ameriprise Bank, FSB and AFS are subsidiaries of Ameriprise Financial, Inc. AFS financial advisors may receive compensation for selling bank products.
Ameriprise® Preferred Line of Credit is offered by Ameriprise Bank, FSB and the Salt Lake City branch of Goldman Sachs Bank USA (GS Bank) as co-lenders or sole lender, as applicable. Ameriprise Bank, FSB and GS Bank are not affiliated.
Ameriprise Financial, Inc. is not a mortgage originator and neither reviews nor creates any mortgage product material.
Ameriprise Bank, FSB. Member FDIC.
Neither Ameriprise Financial nor its representatives or affiliates may provide tax or legal advice. Consult with your tax advisor or attorney regarding specific issues.
Ameriprise Certificates are issued by Ameriprise Certificate Company and distributed by Ameriprise Financial Services, LLC. Member FINRA and SIPC.
Margin lending and brokerage clearing services provided by American Enterprise Investment Services, Inc. Member FINRA and SIPC. A subsidiary of Ameriprise Financial, Inc.
Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser.
Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC.
