People's Securities and People's United Advisors Accounts
If your People’s Securities, Inc. brokerage or managed account (managed by People’s United Advisors, Inc.) has not migrated to LPL Financial, LLC and you need assistance, please call 1-800-392-3009, option 3, 8:30am-5:00pm EST Monday-Friday.
Sweep Options and Rates
Bank Deposit Sweep Program (BDSP®)
Annual Percentage Yield 0.15%
Annual Percentage Yield as of 8/8/2022
Bank Deposit Sweep Program (BDSP®) Disclosure Document
Fidelity Money Market Funds*
7-Day Net Annualized Yields
Weekly Yields as of 8/8/2022
Please review the Prospectus and Investor Fact Sheet found under each fund before making an investment.
|Fund Symbol||Fund Name||7-Day Net Yield1|
Fidelity* Treasury Fund Capital Reserves
Fidelity* Government Money Market Capital Reserves
*Although money market funds seek to maintain a stable $1.00 share price, there is no guarantee that they will be able to do so. Past performance is not indicative of future results. For more complete information and before investing you should review the prospectus. Call us at 1-800-392-3009 to have a prospectus mailed to you. Read it carefully before you invest or send money.
1. The 7-day net annualized yield is based on the average net income per share for the seven days ended on the date of calculation and the offering price on that date.
The following margin rates apply as of the effective date shown below:
|Average Debit Balance||Interest Charged Above/Below the National Financial Base Lending Rate ("NFBLR:")*||Current Margin Rates|
|$0 - $24,999||2.25||9.25%|
|$25,000 - $49.999||1.75||8.75%|
|$50,000 - $99.999||1.25||8.25%|
|$100,000 - $249,999||1.00||8.00%|
|$250,000 - $999,999||-0.25||6.75%|
*The NFBLR is set at the discretion of National Financial Services LLC (NFS) with references to commercially recognized interest rates, industry conditions regarding the extension of margin credit, and general credit conditions. NFS is an independent company, unaffiliated with People's Securities, Inc. NFS is a service provider to People's Securities, Inc. (PSI) There is no form of legal partnership, agency affiliation, or similar relationship between PSI and NFS, nor is such a relationship created or implied by the information herein. NFS has not been involved with the preparation of the content supplies by PSI and does not guarantee or assume any responsibility for its content.
SEC Rule 606
Under SEC Rule 606 (“Rule”), broker-dealers such as People’s Securities, Inc. (“PSI”) that route equity and option orders on behalf of customers are required to prepare quarterly reports that disclose specific information about their order routing practices for non-directed orders in NMS stocks and option contracts in NMS securities. A non-directed order is any order that the customer has not specifically instructed to be routed to a particular venue for execution.
These order routing practices reports are made available to the public free of charge for each calendar quarter. Please see below for PSI's reports formatted in the manner prescribed by the Rule for 2020 reports ending June 30, 2020.
Please click on the link below to view PSI's reports after June 30, 2020, formatted in the manner prescribed by the Rule.