Deposit Accounts for the High-Net-Worth Depositor
Managing cash positions exceeding $250,000. Requires strategies for FDIC coverage beyond the single-institution limit: CD ladders across banks, CDARS networks, and brokered CDs.
Recommended Products for High-Net-Worth Depositor
These account types align with the priorities and constraints of this depositor profile.
High-Yield Savings Account
Recommended4.50–5.10%
as of May 2026
Money Market Account
Recommended4.20–5.00%
as of May 2026
5-Year Certificate of Deposit
Recommended4.00–4.80%
as of May 2026
IRA Certificate of Deposit
Recommended4.50–5.20%
as of May 2026
HSA Savings Account
Recommended0.50–3.00%
as of May 2026
Brokerage Cash Sweep
Recommended0.01–4.50%
as of May 2026
Other Products — Situational Fit
These products are not the primary recommendation but may serve a specific purpose in a broader strategy.
1-Year Certificate of Deposit
4.60–5.30%
No-Penalty CD
4.30–4.90%
Rewards Checking Account
3.00–6.00%
Cash-Back Checking Account
0%
Kids Savings Account
2.00–4.50%
Business Savings Account
4.00–5.00%
Profile Analysis: High-Net-Worth Depositor
Managing cash positions exceeding $250,000. Requires strategies for FDIC coverage beyond the single-institution limit: CD ladders across banks, CDARS networks, and brokered CDs.
Deposit strategy for this profile centres on the trade-off between rate, liquidity, and insurance coverage. The recommended products above prioritise the attributes most relevant to this depositor type — see each product page for the full analysis.