Cash management and sweep options

¹ ATM fee rebates apply to cash withdrawals using the RBC Visa Platinum Debit Card where it is accepted. ATM fee rebates do not include any fees imposed by merchants for point of sale transactions, ATM operators, or fees for stamp purchases, balance inquiries, non-local ATM currency withdrawal fees, or any other transaction other than ATM cash withdrawal in local currency from your RBC Brokerage Account.

² Please see the RBC Insured Deposits Program Terms and Conditions, List of Program Banks and Interest Rates for more details.

³ Aggregate deposits up to $200 million per client are eligible for FDIC insurance through deposit accounts at RBC Premium Savings network banks, regardless of insurable capacity of brokerage account. Deposit limits may change and some conditions apply.

⁴ Timing of 1 p.m. Eastern Time cutoff for same day liquidity—withdrawal requests by 1 p.m. Eastern Time on a business day generally will be processed on such business day. Prior enrollment required. RBC Premium Savings is not intended for clients who need to have frequent access to funds and will require a verbal liquidation request to your financial professional to access the funds.

⁵ New cash balances of $100,000 or more in client brokerage accounts. Net New Cash is defined as any deposit in the last 30 calendar days, inclusive of deposits from external sources and proceeds from the sale of money market funds, mutual funds, fixed income, equities and other securities, net of any cash outflows, in a client’s brokerage account.

RBC Insured Deposits (“the Program”) is an automated cash sweep option that sweeps un-invested cash balances in clients’ accounts into interest-bearing deposit accounts with RBC affiliate banks and additional unaffiliated banks (“Program Banks”) up to applicable limits and subject to certain requirements. Availability is subject to certain restrictions. The Program provides up to $5 million in Federal Deposit Insurance Corporation (“FDIC”) insurance coverage per depositor in each insurable ownership capacity (“Deposit Limit”). Each deposit account constitutes a direct obligation of the Program Bank and is not directly or indirectly an obligation of RBC Capital Markets, LLC, which is not an FDIC-insured depository institution. More information regarding FDIC insurance is available at http://www.fdic.go.

RBC Insured Deposits are not subject to market risk and potential value loss, but are subject to the risk of a Program Bank’s failure. In the event a Program Bank fails, deposits at each Program Bank are eligible for FDIC coverage up to applicable limits. Deposit balances in excess of the Deposit Limit will be invested with Excess Banks and are not covered by FDIC insurance. Currently, the Primary Excess Bank is City National Bank (“CNB”), an RBC Affiliate Bank. Monies held in RBC Insured Deposits are not covered by Securities Investor Protection Corporation (“SIPC”). Deposit Accounts will earn the interest rate segment determined by the total Program balance in your Account. Interest rates/Annual Percentage Yield (“APY”) are subject to change without notice.

In the RBC Premium Savings program (the “Program”) deposits are sent to demand deposit and/or to money market deposit accounts at participating network Federal Deposit Insurance Corporation (“FDIC”)-insured depository institutions (“Network Banks”) by RBC Wealth Management, a division of RBC Capital Markets, LLC, (“we,” “us” or RBC WM”) directly or via RBC Bank (Georgia), N.A., an FDIC-insured affiliate, acting as our agent and sub-custodian. Deposits that are placed through the Program at Network Banks are eligible for FDIC deposit insurance coverage in amounts up to the appliable FDIC insurance limit at each Network Bank. The Program relies on the services of IntraFi Network, LLC for the placement of deposits at third-party Network Banks. Deposits in the Program are not subject to market risk and potential value loss but are subject to the risk of a Network Bank’s failure. In the event a Network Bank fails, deposits at each Network Bank are eligible for FDIC coverage up to applicable limits.

RBC WM is not an FDIC-insured depository institution. FDIC insurance available with the Program is subject to certain conditions and FDIC insurance only protects against failure of the Network Bank. To meet conditions for pass-through FDIC deposit insurance, deposit accounts at Network Banks are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage. The depositor may exclude Network Banks from eligibility to receive its funds. A list of Network Banks is available at https://www.intrafi.com/network-banks.

The FDIC standard maximum deposit insurance amount (“SMDIA”) is $250,000. The FDIC insurance coverage limit applies per depositor, per insured Network Bank for each account ownership category. Certain trusts are also insured above the standard limits, depending on their structure and beneficiaries. See www.fdic.gov/resources/deposit-insurance for additional information.

Deposit placement through the Program is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the SMDIA at any one Network Bank, a depositor’s balances at RBC WM may exceed the SMDIA before settlement for deposits or after settlement for withdrawals. The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through the Program satisfies any restrictions on its deposits.

Monies held through the Program are not covered by Securities Investor Protection Corporation (“SIPC”).

RBC Premium Savings will earn the interest rate based on the daily balance in the account. Interest rates/APY (Annual Percentage Yield) are subject to change without notice. Minimum deposit and balance requirements apply and may change. Deposit limits may change and some conditions apply. For more information, please contact your financial advisor.

Neither RBC WM, nor its affiliates or employees provide legal, accounting or tax advice. All legal, accounting or tax decisions regarding your accounts and any transactions or investments entered into in relation to such accounts, should be made in consultation with your independent advisors. No information, including but not limited to written materials, provided by RBC WM or its affiliates or employees should be construed as legal, accounting or tax advice.

Please see the “Cash Management” section on our public website at www.rbcwm.com/disclosures. There you will find the RBC Premium Savings Program Terms and Conditions, Deposit Placement Agreement, and Program Interest Rates.

^‡ All other trademarks are the property of their respective owner(s).

The listed merchant(s) are in no way affiliated with RBC, nor are the listed merchant(s) considered sponsors or co-sponsors of this program.