The Annual Percentage Yield (“APY”) for the High-Yield Cash accounts (“High-Yield Cash”) is as of a specific date, and may change at any time. The amount of interest you will receive on your deposits will vary based on a number of factors, including the aggregate amount of deposits by all participants in the interest bearing accounts, the interest rates paid by the participating banks, and the fees paid to administer the sweep program. Interest is accrued daily from the day cash is received by the program banks up to, but not including, the date of withdrawal. Interest is paid on the last business day of the month directly into the High-Yield Cash account.  

High-Yield Cash is offered through a separate account at Altruist Financial LLC (“Altruist Financial”) that is opened solely for participation in High-Yield Cash. Neither Altruist Financial nor any of its affiliates are banks. Altruist Financial deposits cash in the High-Yield Cash account  with one or more banks (“Program Banks” see the Altruist Financial LLC Participating Bank List) that accept and maintain such deposits. Through High-Yield Cash, clients’ cash is deposited into Program Banks where the cash earns a variable interest rate and is eligible for FDIC insurance. Cash is not eligible for FDIC insurance until the cash is deposited at the Program Banks. Cash in the High-Yield Cash account that is awaiting to be deposited in, and cash in transit to or from, Program Banks, may not be eligible for coverage under SIPC. SIPC coverage does not apply to cash deposited with Program Banks. FDIC insurance is limited to $250,000 per depositor, per FDIC-insured bank, per ownership category and is subject to conditions. Altruist Financial uses more than one Program Bank to allow for expanded FDIC coverage. If a client reaches the maximum coverage amount(s), any additional cash will be deposited into a predetermined excess bank account, subject to available capacity at the excess bank. More information can be found in the High-Yield Cash Program Disclosure Statement and the Altruist Financial LLC Participating Bank List. FDIC coverage can be impacted by several things, including but not limited to deposit capacity at a Program Bank and/or if a client holds cash at a Program Bank, including through this or additional sweep programs. If a client elects to exclude one or more Program Banks from receiving deposits the amount of FDIC insurance available through High-Yield Cash may be lower. Clients are responsible for monitoring their total assets at each of the Program Banks, whether through Altruist Financial accounts or accounts with other financial intermediaries, to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. For more information on FDIC insurance coverage, please visit FDIC.gov.  

Deposits to High-Yield Cash will be deposited to Program Banks the following business day. It may take funds deposited via ACH or Check three (3) or more business days for the funds to become available for deposit. Customers can initiate withdrawals at any time from the High-Yield Cash account via ACH, wire, check, or internal transfer. Withdrawals will process the following business day. Internal transfers from the High-Yield Cash account to an Altruist brokerage account will be processed on the next business day, however funds will be available for trading on the same day. Contact Altruist Support for additional information regarding deposits and withdrawals.  

Securities trading is not possible in the High-Yield Cash account. Clients can transfer cash from the High-Yield Cash account to another Altruist brokerage account to participate in securities trading. If a client wishes to no longer participate in the High-Yield Cash program, the client should withdraw all cash from High-Yield Cash via ACH, Wire, Check, or Internal Transfer. 

Potential and existing clients should carefully review the Altruist Financial LLC Customer Agreement, as well as the High-Yield Cash Program Disclosure Statement, Altruist Financial LLC Participating Bank List, Altruist Financial LLC Fee Schedule and other information provided on altruist.com/legal to determine whether High-Yield Cash is an appropriate product for their specific financial needs. Retail clients must work with a Registered Investment Advisor to open a High-Yield Cash account. There are fees associated with High-Yield Cash. Review the Altruist Financial LLC Fee Schedule for more details, the most recent version of which can be found on altruist.com/legal. 

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