Rate Info
Checking Account Rates*
The Cash Access Checking Account interest rate will be determined based on a competitive analysis of a variety of other institutional checking account rates and updated on a quarterly basis. The interest rate is available on the client’s statement, by contacting Client Services at 866.792.5410 or on the client website, www.seicashaccess.com, under Disclosures / Truth in Savings.
Current Interest Rate as of 5/1/2013: 0.35% APY
*Currently interest is paid on personal, trust, and nonprofit business accounts
Securities-backed Line of Credit (SBLOC) Rates**
Current Rate Schedule (As of 7/05/2012):
|
Loan Amount
|
RATE SCHEDULE
|
FLOOR, if applicable ***
|
|
$.01-$99,999
|
Prime + 1.00%
|
3.5%
|
|
$100K-$249,999
|
Prime + .25%
|
3.5%
|
|
$250K-$499,999
|
Prime + 0.0%
|
3.5%
|
|
$500K-$1MM
|
Prime - .25%
|
3.5%
|
|
Over $1MM
|
Contact for Rate Quote
|
****
|
** Rates subject to change : Find more SBLOC information here.
| ASSET CLASS |
ADVANCE RATE |
| Equities & Mutual Funds |
50% |
| Investment-Grade Fixed Income |
80% |
| Treasuries |
90% |
| Cash and Equivalents |
100% |
*** "Floor" refers to the minimum interest rate payable. The client will be charged the higher of either the Floor Rate or the Tiered Interest Rate (see Rate Schedule above).
**** Subject to standard credit approval. Otherwise rates and terms may vary. Minimum line amount of $75,000. Collateral must support credit limit of $75,000 or greater.