Earn more on your excess cash with J.P. Morgan Premium Deposit (2024)

LEARN MORE ABOUT OUR FIRM AND INVESTMENT PROFESSIONALS AT FINRA BROKERCHECK.

To learn more about J.P.Morgan’s investment business, including our accounts, products and services, as well as our relationship with you, please review our J.P.Morgan Securities LLC Form CRS (PDF)and Guide to Investment Services and Brokerage Products.

This website is for informational purposes only, and not an offer, recommendation or solicitation of any product, strategy service or transaction. Any views, strategies or products discussed on this site may not be appropriate or suitable for all individuals and are subject to risks. Prior to making any investment or financial decisions, an investor should seek individualized advice from a personal financial, legal, tax and other professional advisors that take into account all of the particular facts and circ*mstances of an investor's own situation.

This website provides information about the brokerage and investment advisory services provided by J.P.Morgan Securities LLC (JPMS). When JPMS acts as a broker-dealer, a client's relationship with us and our duties to the client will be different in some important ways than a client's relationship with us and our duties to the client when we are acting as an investment advisor. A client should carefully read the agreements and disclosures received (including our Form ADV disclosure brochure, if and when applicable) in connection with our provision of services for important information about the capacity in which we will be acting.

J.P.Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services throughJ.P.Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA, and SIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.

INVESTMENT AND INSURANCE PRODUCTS ARE: • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, JPMORGAN CHASE BANK, N.A. OR ANY OF ITS AFFILIATES • SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED

Investments in alternative investment strategies is speculative, often involves a greater degree of risk than traditional investments including limited liquidity and limited transparency, among other factors and should only be considered by sophisticated investors with the financial capability to accept the loss of all or part of the assets devoted to such strategies.

Borrowing with securities as collateral involves certain risks, including the possibility that you may need to deposit additional securities and/or cash in the account to meet a maintenance call, and that securities in the account may be sold to meet the maintenance call. Proper management of your account and a thorough understanding of the conditions that may affect your investments will assist you in effectively using the margin lending program.​

Please read additional Important Information in conjunction with these pages.

Earn more on your excess cash with J.P. Morgan Premium Deposit (2024)

FAQs

What is JPMorgan Premium deposit? ›

Get Started. J.P. Morgan Premium Deposit helps you manage excess cash not intended for immediate use — with an eye toward your full financial picture. You can move on an investment opportunity or make a major purchase.

What is a premium deposit fund? ›

What is a Premium Deposit Fund? A Premium Deposit Fund (PDF) is an account that allows your clients to prepay policy premiums with one lump sum without causing the policy to become a Modified Endowment Contract. Each year, premium is transferred from the account to the policy.

Does JP Morgan Chase offer high yield savings accounts? ›

Although Chase currently doesn't offer a high-yield savings account, we'll cover the reasons why you may want to open one of these accounts.

How much money does JPMorgan deposit? ›

JPMorgan Chase & Co.'s (NYSE:JPM) total deposits have fallen by 2.8% year-on-year to $2.068 trillion as of June 30, 2023.

What are premium deposits? ›

A deposit premium is the amount of money required by an insurer to initiate a policy whose premiums aren't fixed, but are determined after the policy term by multiplying a premium rate by the amount of sales, payroll, or some other metric.

What is a client premium deposit account? ›

A Clients Premium Account may be suitable for you if your business is regulated, and has authorisation and a legal requirement to hold money on behalf of your clients. Clients Premium Accounts are typically suitable for. Businesses regulated by the Financial Conduct Authority (FCA) with client money permissions.

How does premium payment work? ›

The amount you pay for your health insurance every month. In addition to your premium, you usually have to pay other costs for your health care, including a deductible, copayments, and coinsurance. If you have a Marketplace health plan, you may be able to lower your costs with a premium tax credit.

What is the meaning of premium money? ›

A premium is a sum of money that you pay regularly to an insurance company for an insurance policy. It is too early to say whether insurance premiums will be affected. 2. countable noun [usually singular, oft NOUN noun] A premium is a sum of money that you have to pay for something in addition to the normal cost.

How is deposit premium calculated? ›

Deposit insurance premiums are calculated by multiplying the balance of eligible deposits (average daily balance for business days) under the deposit insurance system in the previous fiscal year by the insurance premium rate (Articles 51 and 51-2 of the Deposit Insurance Act).

Which bank gives 7% interest on savings accounts? ›

As of May 2024, no banks are offering 7% interest rates on savings accounts. Two credit unions have high-interest checking accounts: Landmark Credit Union Premium Checking with 7.50% APY and OnPath Credit Union High Yield Checking with 7.00% APY.

Where can I get 5% interest on my savings account? ›

Summary of the Best 5% Interest Savings Accounts of 2024
AccountForbes Advisor RatingAnnual Percentage Yield
M1 High-Yield Savings Account4.35.00%
Bask Interest Savings Account4.25.10%
UFB Secure Savings4.1Up to 5.25%
Salem Five Direct eOne Savings4.05.01%
1 more row
5 days ago

How much will 50000 make in a high-yield savings account? ›

5% APY: With a 5% CD or high-yield savings account, your $50,000 will accumulate $2,500 in interest in one year. 5.25% APY: A 5.25% CD or high-yield savings account will bring you $2,625 in interest within a year.

What is the minimum balance for J.P. Morgan premium deposit? ›

You can find the current rate by speaking with your J.P. Morgan Advisor or checking online at jpmorgan.com/PremiumDeposit. The initial minimum deposit is $100,000 with no minimum on subsequent deposits.

What is the best CD rate at Chase Bank? ›

Chase's best certificate of deposit (CD) rates are for featured CDs with relationship rates, which have an annual percentage yield (APY) ranging from 3.00% to 4.75% APY. You can earn higher relationship rates with a linked Chase checking account, otherwise you'll get the same low 0.01% APY for every CD term.

Is my money safe in JPMorgan Chase? ›

SEC Rules and Regulations provide customer protection

In compliance with the SEC rules and regulations for the protection of customers, JPMS maintains all customers' Fully Paid and Excess Margin securities as required under Rule 15c3-3(b) of the Securities Exchange Act of 1934.

What is a premium deposit agreement? ›

Our Premium Deposit Account (PDA) Agreement provides the opportunity to fund a life insurance policy through a series of fixed payments. Interest is earned on the money in the PDA and is applied at the time of each premium payment.

What does premium account do? ›

A bank's premium account can offer interest on your checking account balance, fee-free ATM withdrawals at non-bank ATMs, better rates on the bank's products, and fewer fees on other products such as cashier's checks and money orders.

What are premiums for deposit insurance? ›

The premiums levied on member institutions are differentiated according to the risk they pose to the DI Fund. These risk-based premiums are charged to member institutions as a percentage of the amount of insured deposits they hold, subject to a minimum annual premium of $2,500.

What defines premium banking? ›

A premium bank account is an exclusive account that offers specific banking and lifestyle benefits, but it has certain qualification criteria and requirements, such as a monthly fee and minimum monthly income.

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