The material presented on this website is for informational purposes only. It is not intended as legal or tax advice, or any other type of professional advice and should not be construed or interpreted as such. Please consult with your attorney, accountant, and/or tax advisor for advice concerning your particular circumstances. Some information contained in this material has been obtained from sources believed to be reliable, but it cannot be guaranteed by Solid Wealth Advisors, LLC or any of its affiliates. The views presented are as of the date of the document and are subject to change.
Solid Wealth Advisors is not a bank, nor does it offer bank deposits and its services are not guaranteed or insured by the FDIC, NCUA or any other governmental agency.
FICA® satisfies the FDIC requirements for agency pass-through deposit insurance coverage. Program banks in the FICA® network are FDIC-insured “banks” and “savings associations” as those terms are defined in the Federal Deposit Insurance Act. The FDIC Limit is $250,000 per depositor per bank. FICA® is not a member of the FDIC, but the banks in which your money is deposited are FDIC members. FDIC is an independent agency of the U.S. government that protects the funds depositors place in FDIC insured institutions. FDIC deposit insurance is backed by the full faith and credit of the U.S. government. If a participant has cash at any depository institution independently from the FICA® program that is in the FICA® network, then full FDIC insurance coverage on deposits at those institutions may not be received.
Deposits quoted above are for StoneCastle Cash Management, LLC as of December 31, 2019. Deposits quoted include Bulk Insurance Deposit Services (“BIDS”), a program where StoneCastle acts as a consultant and introduces banks to third party administrators. Assets in BIDS are not included in the calculation of StoneCastle’s regulatory assets under management noted in its Form ADV.
1 Yield is effective as of March 17th, 2020 and is for a maximum deposit of $25 million. Current yield and maximum deposit insurance coverage is indicative for FICA® and may be lower or higher than what is stated due to changes in market or business conditions. Past performance does not guarantee future results. Interest rate earned may vary based on the size of the account balance and the introducing party. FICA® yield is the APY (annual percentage yield) based on an APR (annual percentage rate) of .55% for the period indicated, as reported by StoneCastle.Please contact StoneCastle for the most current yield and maximum deposit insurance coverage.
StoneCastle cannot guarantee the accuracy of the rate information, which may change at any time. For illustrative purposes only.
2 The average savings account yield is directly quoted from https://www.fdic.gov/regulations/resources/rates/. As of April 3, 2020, saving rate is .07%.
FICA® is a registered trademark of StoneCastle.
Advisors are not licensed to sell insurance in all 50 states. To find out if Matthew Jackson is licensed in your state, please call 970-229-1616. Investment Advisory Representative of Royal Fund Management, LLC (RFM), 1515 Buenos Aires Blvd., The Villages, FL 32159, 888-257-5866. Investment advisory services are offered through RFM. Solid Wealth Advisors and RFM are not affiliated.
