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From what I've read, BANA RASP stands for Bank of America Retirement Savings Program, and the available cash seems to move from Cash Balance to BANA RASP after a period of time.
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How the RASP feature works [8] Your money is remitted initially for deposit by Merrill Lynch, acting as your agent, into a Deposit Account at the primary depository institution. The primary depository institution is Bank of America, N.A. (“BANA”). The secondary depository institution is Bank of America
Jak zalogować się do nowego serwisu i aktywować go (nowy klient) – https://www.youtube.com/watch?v=zTGdK0UD0mM&feature=youtu.be. Jak korzystać z pozostałych funkcjonalności nowego serwisu – https://www.youtube.com/watch?v=o2OBA0eJqxE. Jak konwertować fundusze – https://www.youtube.com/watch?v=QmOQNMAUF58&feature=youtu.be.
7 lut 2023 · I'm a bit confused as my sweep account rate currently shows 0.01% APY and the symbol for this fund is IIAXX (BANK OF AMERICA, NA RASP). I don't understand what my advisor was referring to in his email by mentioning the preferred deposit rate in a CMA?
22 maj 2024 · There are certain money accounts, including the ML Direct Deposit Program and Bank of America, NA RASP, that are not recognized as a cash equivalent through our system. In other words, the online system does not recognize that the account has a cash balance to cover the put trade, giving you the error message you received.
Considerations when choosing a cash sweep option. When choosing a cash sweep option, it is important to consider the following: Your needs, goals, risk tolerance, investment time horizon and liquidity requirements. Yields may differ between money market mutual funds and bank deposit programs.