Janney offers a number of short-term, interest-bearing account options in which to invest the cash portion of your account balances. These choices include:
FDIC-Insured Sweep Program1: Our optional Insured Sweep Program offers $2,500,000 in FDIC insurance and highly competitive interest rates. How does it work? Our single “sweep” account spreads your savings among multiple FDIC-insured banks to offer a combined level of insurance which is greater than that of any single bank. For more information on FDIC insurance, please visit www.fdic.gov.
Taxable and Tax-Free Money Market Funds2: Choose from a variety of taxable and tax-free options to match your investing needs.
You can access your cash by adding banking instructions to your account so money can be sent to your bank electronically, via Automatized Clearing House (ACH) or by requesting a check from your Financial Advisor.
Add a Janney Advantage Account for further Convenience and Savings
The optional Janney Advantage Account provides additional ways to access your cash via checks, a debit card, and electronic bill payment. Client service support is also available seven days a week, 365 days a year at 1-877-859-1684.
Gives you the ability to write checks for tuition, taxes or other financial needs you may have. Your initial check order and any reorders are free. There is no dollar minimum per check. Payee information is displayed on your monthly statement and on your year-end summary statement.
One Card for Both Purchases and ATM Transactions3:
Your VISA® Debit Card gives you worldwide purchasing power at millions of merchants. Member benefits include roadside service, extended warranty and travel accident insurance, auto rental collision damage waiver protection, the CompleteAssistant® concierge service and the Janney RewardsSM program.
Rewards accumulate one point for every net dollar spent using your Janney Advantage VISA Debit Card. Points will add up quickly—which can be easily redeemed online for free air travel, rental cars, luxurious hotel stays, and exclusive merchant and retail rewards. Rewards are redeemable using our virtual rewards catalogue through Janney’s Online Access web portal. Another advantage of Janney Rewards is that there are no monthly or annual caps on the number of points you can earn. You will also earn one point for every $100 invested in sweep money market funds (see the terms and conditions for details4).
See our rewards points guidelines
You can use your Platinum VISA Debit Card to withdraw cash at Automated Teller Machines (ATMs) worldwide that accepts VISA debit cards - and those in the PLUS® and Star® networks. You can also use your card to obtain cash and traveler's checks at banking offices worldwide. Transaction fees incurred at ATMs will be credited back to your account (foreign ATMs excluded).
Online Bill Payment
Pay bills online to any creditor with a U.S. address, including merchants, utility companies, individuals or businesses. You can choose from a pre-established list of common merchants or create a personal list of individuals and companies. Make a single payment or establish a payment schedule.
Contact a Janney Financial Advisor for details or call 1-800-JANNEYS and speak to one of our Financial Advisors.
1 Janney Insured Sweep provides clients with FDIC insurance coverage potential of at least $2,500,000 per account holder; $5,000,000 for joint accounts; $2,500,000 for retirement accounts. Effective July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act became law, which permanently raises the maximum deposit insurance limit to $250,000.00. The FDIC Insurance coverage limit applies per depositor, per insured depository institution for each ownership category.
2 An investment in a Money Market Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Money Market Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Money Market Fund. For more complete information on the Money Market Fund, including fees and expenses, please request a brochure and prospectus. Please read the prospectus carefully before investing or sending money. Please refer to your Janney Account Agreement or ask your Financial Advisor to discuss your account’s eligible sweep investment option.
3 Transactions may appear in multiple categories based upon data provided. The transactions are not duplicates. For example, ACH payments may also be displayed under the check section as some ACH payments are processed using a check number.
4 Terms and conditions subject to change: see http://www.janney.com/, under solutions and products – Janney Advantage Client Disclosures, Terms, and Conditions Agreement.
Janney Cash Management Services offers you a choice of interest-bearing money market accounts and convenient access to your cash through an optional Janney Advantage® Account.
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