Through the Bank Insured Deposit Program (BIDP), cash deposits will be eligible for up to approximately $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. This aggregate amount of FDIC insurance under the BIDP may vary depending on the number of banks participating in the BIDP from time-to-time. BIDP enables investors to access funds at their discretion.

BIDP enables investors to access funds at their discretion.

As FDIC insurance is limited to $250,000 per bank per investor, many investors resort to holding their assets with multiple banks. BIDP provides both security and convenience, facilitating the consolidation of large deposit balances. D.A. Davidson will place up to $246,500 ($493,000 for joint accounts of two or more individuals) (the “Deposit Limit”) of your available cash in each program bank on the on the Program Bank List. Once funds equal to the Deposit Limit have been deposited in each program bank, any additional funds will be deposited in the Money Market Fund. View the Program Bank List. Note that D.A. Davidson is not a bank or Federal Deposit Insurance Corporation (“FDIC”)-insured institution and federal deposit insurance only covers the failure of an insured bank. As the Program Banks are members of the FDIC, the funds deposited through BIDP, together with any other funds you have deposited outside of BIDP with a Program Bank, will be eligible for federal deposit insurance up to FDIC’s standard maximum deposit insurance amount (“SMDIA”) (currently $250,000 per Program Bank per depositor for each ownership category). FDIC insurance is provided by FDIC-insured Program Banks on a “pass-through” basis, which requires certain conditions to be met for coverage to apply.

For the complete Terms and Conditions and Important Disclosures on the BIDP, see the Cash Management Program Disclosure Statement, or refer to D.A. Davidson’s new account agreement. Your financial professional can provide additional information on solutions appropriate for you and/or your business cash needs.

For eligible accounts participating in the BIDP, interest rates on deposit accounts will be tiered based on aggregate household assets (“Interest Rate Tiers”). This means that investors with higher household asset balances generally will have the ability to earn better interest rates. IRA accounts participating in one of our advisory programs are not eligible to participate in these tiered rates. View the BIDP Tiered Rates for current rates.

Interest Rate Tiers are not applicable for IRA accounts participating in any of our advisory programs. For current interest rates for IRA advisory accounts, view the IRA Advisory BIDP Rates page.

In addition to the BIDP, D.A. Davidson also offers the BNY Dreyfus Government Cash Management - Institutional Shares (DGCXX) as part of its cash management program. For information on the BNY Dreyfus Fund offered, view the BNY Dreyfus Funds page. Detailed information including management fees, charges and expenses can be found in the Prospectus.