MRA Advisory Group wants to get you thinking about the cash you keep at banks or other financial institutions. We’ve been putting many of our clients into the Federally Insured Cash Account (“FICA”). FICA offers:
1. A rate of 3.95% APY* starting January 1, 2023 (an increase from the current rate of 3.45% APY*).
2. FDIC insurance up to $25 million per account
3. Overnight liquidity with no transaction limitations
4. Can link directly to your existing bank account
You may be surprised at the interest rate differential between FICA and your banks, so we wanted to bring it to you directly.
We also wanted to make sure that your cash is fully insured, and that you aren’t unnecessarily maintaining multiple bank accounts to insure higher deposit balances. Click on the link below to learn more and open an account.
Advisory Services are offered through MRA Advisory Group, a Registered Investment Adviser. This information was developed by Broadridge, an independent third party. It is general in nature, is not a complete statement of all information necessary for making an investment decision, and is not a recommendation or a solicitation to buy or sell any security. The investments and strategies mentioned may not be suitable for all investors. Past performance is no guarantee of future results. Nothing herein, nor any attachment, shall be considered to constitute (i) an offer to sell, nor a solicitation of an offer to purchase, any security, or (ii) tax or legal advice.