TD Ameritrade also operates an IDA Plus program. For comparison, Vanguard’s default cash sweep is the Vanguard Federal Money Market Fund, which has an SEC yield of. You can choose to have funds placed in demand deposit accounts (using the demand option), money market deposit accounts. While you're not required to have a balance in your settlement fund at all times, keeping some money in the settlement fund has these advantages: You're more likely to have money to pay for purchases on the settlement date, when your account will be debited for the amount you owe. [More: Advisers in a pickle over low-yielding cash sweep accounts] Since then, much has changed. A sweep account automatically transfers (or “sweeps”) money from one account into a separate account, with the aim of earning a higher rate of return. 74%) on that cash deposit, annualized, which equates to 0. For Android, text AND to 93557. 410%Account Statement. Gold members earn 5. Find out if yours is one of them. WOW Vegas, Stake. This is a secure page TD Ameritrade. Schwab Bank would have received about $74 ($10,000 x 0. Please contact Luis Garcia-Moreira for more information at LGMoreira@CommunityWestBank. Contact a Relationship Manager. 5 billion. Our robo-advisor builds, monitors, and automatically rebalances a diversified portfolio based on your goals. Ameriprise Cash is a brokerage sweep option for your uninvested cash balances. A money market sweep account offers a convenient and simple way to reinvest your money. summary of your forex account if you have one. Minimum Initial Investment. 48% annually. This is the first of two videos explaining the cash sweep in a simple LBO model. CASH SWEEP is the use of surplus cash to prepay debt or provide extra security for lenders, instead of paying it out to investors. ARV: $1,214. By texting IPH or AND to 93557, you agree to receive a one-time text message from. (collectively, "MFI", "we", "our" or "us"), are pleased to offer to act as your agent so that you can invest in the MFI Cash Sweep Program (the "Program") as a sweep investment option for available cash balances in your brokerage account. Robinhood Brokerage Cash Sweep Program Explained In 2023. Included is an overview of cash sweep options and how they work, explanations of protection/insurance coverage, how interest rates are calculated, and other important considerations. (“TD Ameritrade”) offers a cash sweep program to enable you to earn interest on cash balances in your TD Ameritrade account. Bogleheads are passive investors who follow Jack Bogle's simple but powerful message to diversify and let compounding grow wealth. quarterly filing Tuesday. In general, Merrill Edge is worth considering for its competitive rock-bottom costs. The difference between sweep and TDA Cash doesn't make anything settle faster. The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to help educate investors about bank sweep programs, which some broker-dealers offer to their customers as a way to manage cash in their brokerage accounts. Program banks then pay interest on your swept cash, minus any fees paid to MFI. This is the third time this year that Robinhood has raised the interest rate on its cash sweep account for Gold customers. 🏅 Fortune Coins Casino. 000% 2. Thus, it is possible that money market funds may, at any given time, have liquidity percentages reflecting less than the 10% and 30% thresholds. firm in 2008. We receive compensation from these funds at rates that are set by the funds’ prospectuses and currently range, depending on the program in which you invest, from 0. Function. ET, Monday through Friday for assistance by phone. Automatic Loan Sweep. A cash sweep program for broker-dealers and independent trust companies providing access to millions in FDIC insurance across our extensive network of participating banks. TD Ameritrade FDIC Insured Deposit Account Rates - Core. Ameriprise Cash balances are cash deposits in your brokerage account. While interest rates can vary depending on the total amount of cash, with more significant sums gathering more interest, money in a bank sweep account yields 0. The SVB Cash Sweep Program offers money market mutual funds that provide a high degree of capital preservation and same-day liquidity. 15% APY on. One advantage of Vanguard over Schwab seems to be the Sweep money account. With the market getting choppy, investors may want to horde some cash for peace of mind—and dry powder in case stocks get really cheap. Top yields on default sweep accounts range from a low of roughly 0. 74%) on that cash deposit, annualized, which equates to 0. 2 out of 5. Up to $1,000,000 for a two-party joint account. The FDIC currently insures deposits up to $250,000 (including principal and interest) per depositor, per insured bank. June 5, 2014. It comes with an established maximum amount, and the business can access the funds at any time when needed. The Charles Schwab Corporation released its Monthly Activity Report today. Publication date: 30 Nov 2020. 6%. 5 million in client funds. The sum of your securities, unswept or intra-day cash, money market funds, bank deposit accounts, and net credit or debit balances in your account. Existing deposits with the bank will reduce the amount of insurance available for an investment account’s cash balance. 87 ITM. SVB Cash Sweep Program (global clients) Earn non-U. Treasury securities or in qualifying trust and/or cash accounts with major U. Setting up a sweep account at your bank or is one way to do it. When you have cash that's been sitting in your account for some time (usually 3 days), it gets "swept" into the money market. Insured Cash Sweep (ICS) accounts leverage a network of banks to provide extra Federal Deposit Insurance Corp. Webull, a $0-commission brokerage firm, offers the industry's highest rate of 5% APY on free cash balances. 99. To help you skip the line, below are answers to clients' frequently asked questions. 0. Cash sweeping, or a sweep account, is a checking account that automatically transfers money to an investment account once that checking account exceeds a certain. Subject to change without prior notice. Loan Management System (LMS) An end-to-end origination, underwriting and collateral evaluation and monitoring system for securities-based lines of credit. Please see the FDIC Insured Deposit Sweep Program Disclosure for more details. According to Mr. Excess cash is. 074% or 7. Individuals can also take advantage of cash sweep accounts. Fidelity offers a number of traded money market. The program works much like other cash sweep accounts. Depending on the eligibility of your account, any new cash will be directed into LPL’s FDIC-insured bank deposit sweep program, known asWith Insured Cash Sweep, or ICS, you can enjoy the safety and simplicity that comes with access to multi-million-dollar FDIC insurance through a single bank relationship. It’s a good deal if you maintain more than $4k cash on average. 15. 5. Cash Sweep Program may spread a clients’ cash among five separate banks to maximize insurance coverage. No, Robinhood Cash Sweep earns interest on your principal. ” Ameriprise ® Cash 5. Manage account fee is around 1-1. Entry per person: 1. S. Webull: Best for. Our Cash Sweep Program allows clients to earn a return on uninvested cash balances by automatically "sweeping" cash balances into a Sweep vehicle until such balances are invested or otherwise used to satisfy obligations arising in the account. you can review your cash sweep option(s) with your Merrill Lynch financial advisor (“financial advisor”) or a Merrill Edge representative. $100,000 - $249,999. Included is an overview of cash sweep options and how they work, explanations of protection/insurance coverage, how interest rates are calculated, and other important considerations. Default cash sweep. You can do better at Schwab by putting in buy and sell orders for. Fidelity vs. A sweep account combines two or more accounts at a bank or a financial institution, moving funds between them in a predetermined manner. Through CIP, a significant portion of cash is set aside for the client and held in certain high-quality U. Their mandatory default cash sweep. Credit Sweep: Also known as an automated credit sweep, this term refers to an arrangement between a bank and a customer (usually a corporation) whereby all idle or excess funds in a deposit. Schwab Bank would have received about $74 ($10,000 x 0. They stopped sometime ago. 3 billion (2%) from the end of September 2023. Thousands of financial institutions offer IntraFi Network Deposits. For. Please note, these rates do NOT apply to clients with: Accounts opened through introducing financial firms for which Raymond James acts as a. E*Trade's cash sweep rate, for example, is 0. Ally Financial received 346 Trustpilot reviews with an average score of 1. Protect your principal and earn a fixed rate of return with CDs from Schwab CD OneSource®. ‣companies‣greater‣control‣of‣and‣access‣to‣. This article describes interest rates that brokerage houses pay their clients on free cash balances. Customers can deposit idle cash to the bank (s) through this program and earn interst. Wells Fargo Advisors offer Traditional, Roth, and SEP IRAs. Peace of mind Rest assured knowing that funds are eligible for FDIC insurance protection in amounts well into the millions, all backed by the full faith and credit of the. What is a Cash Sweep? The Cash Sweep refers to the optional prepayment of debt using excess free cash flows in advance of the originally scheduled repayment date. Please read below for more information. The Boston, Massachusetts-based brokerage unit of the giant fund company said the yield on its core cash sweep for new accounts is 47 times higher than what TD Ameritrade offers, ten times Charles. The Purpose of the Cash Flow Sweep: The cash flow sweep calculates the amount of cash generated in any accounting period for the purpose of paying down the outstanding debt obligations of the company on an accelerated schedule. When your trade settles in the default cash sweep vehicle, Log in to your HSA cash account and click Manage Investments; Select “Make a One-Time Transfer” from the Manage Your Account drop-down menu. With. Cash Sweep Program Overview Page 1 of 6 23-56-02182_03408_CC (09/23) RBC Clearing & Custody, a division of RBC Capital Markets, LLC (“we,” “us” or “RBC CM”) is registered as both a broker-dealer and investment adviser with the U. You may direct your Financial Advisor to deposit your cash in other eligible sweep options, which may include money market funds. residents who are 21 years of age or older. Some firms offer a higher interest. 075% (all figures as of May 2023. As far as safety is concerned, Robinhood’s cash sweep program is comparable to a regular bank account. Cash investments include money market funds, CDs (certificates of deposit), and more. 1. us Financial statement presentation guide 6. The U. The funds are then invested in a safe and highly liquid investment vehicle, such as money market funds. They play with the rest, loan it out, buy and trade stocks, whatever. NerdWallet's Best Brokerage Accounts for High Interest Rates on Cash Sweep. Using IntraFi Cash Service SM, or ICS ®, and CDARS ® you can access millions in FDIC insurance for cash deposits from IntraFi ® network banks and enjoy the simplicity of banking with just one trusted, local institution. McLuck. One-stop marketplace for CDs. Phone assistance in Spanish at 844-4TRUIST (844-487-8478), option 9. 1,019 Instant Win Sweepstakes Prizes: (1) His and hers bike set. If you have no pending trades (or transfers) when a statement cuts the cash balance will be zero and any cash credit you have will be in the sweep account and also. This won’t prevent a PDT flag, but will enable you to continue day trading. FDIC insured with some pathetic yield, held by Chase if I recall correctly. Rather than the standard $250,000 per depositor, per. Revolving Credit Facility Modeling Example. FYI: For those of you that have Schwab accounts and might not be aware; SWSXX which was the default cash sweep feature, earning around 2. Cash Sweep live drawings occur at the STC town office in Kuching, Sarawak. Information about eligibility for particular Cash Sweep Options is available by contacting your Relationship Manager. This program automatically moves uninvested cash in brokerage accounts to a network of program banks to earn interest and be eligible for. Currently, it is 5% APY. (1) $1,000 vacation rental gift card. Webull, a $0-commission brokerage firm, offers the industry's highest rate of 5% APY on free cash balances. If you choose the MM fund sweep accounts you lose FDIC insured, but gain interest. This requires a lot of editing. A cash sweep, or debt sweep, is the mandatory use of excess free cash flows to pay down outstanding debt rather than distribute it to shareholders . I’ll hunt down the reform link. Money market accounts and funds generally offer investors higher interest rates than savings accounts. S. A revolving credit facility is a line of credit that is arranged between a bank and a business. Majority of brokerage firms offer very low interest on investors' uninvested cash. For individuals, cash sweep accounts maximize investment earnings by transferring excess cash into interest-earning accounts. It is available for free, is easy to use, and has no conditions or restrictions. to Brent. Up to $500,000 for an individual account. Sample 1. 0. Box 1080. Generally speaking, cash pooling is implemented mostly by. $250,000 - $999,999. Learn More . In a cash sweep, an investment firm figuratively sweeps clients’ uninvested cash balances into a (again figurative) dust pan and. Be patient and slowly build your. Every buy or sell needs to be manually deleted to obtain the correct cash balance. On March 30, 2020, the Securities and Exchange Commission (SEC) issued a no-action letter stating that the staff of the SEC’s Division of Trading and Markets would not recommend enforcement actions against broker-dealers that treat unsecured receivables related to bank sweep accounts as an allowable asset that is not deducted from net. Once you buy a money market fund like SWVXX you're into an investment, and SIPC does not cover a loss of value. Companies. $0. While interest rates can vary depending on the total amount of cash, with more significant sums gathering more interest, money in a bank sweep account yields 0. Wells Fargo Advisors’ Brokerage Cash Services is an enhanced brokerage feature that combines investing with easy access to digital banking providing seamless navigation between online banking, brokerage, transfers, and bill pay platforms with a sweep of cash balances. Let’s talk about how IFN can work for you, and how you can enjoy yield, peace of mind and flexibility — all at the same time. dollars into an Interactive Brokers account is automatically protected by the Securities Investor Protection Corporation (SIPC). Conveniently and easily secure funds placed into demand deposit accounts, money market deposit accounts, or CDs. ADMINISTRATIVE PROCEEDING File No. Who is eligible: Open to residents of the 50 United States, D. • Insured cash sweep (ICS): An ICS account is a service that provides FDIC insurance on large business balances while still maintaining access to funds. The IRA is a wrapper that holds all your investments. These transfers are made at the close of each business day. Special cash sweep is one of the prominent games in Malaysia and it is based in Kuching, Sarawak. Vacation Destinations List now to start thinking about where you’d like to go if you win some extra cash: #10 – New York City – the city that never. FDIC-Insured Bank Deposit Sweep Programs. Look up real-time quotes. -based TAMP and its affiliated custodian, AssetMark Trust Company, were setting the fee for operating a cash sweep. At Fidelity, any uninvested cash deposited in a Fidelity brokerage account is automatically put in a money market fund now earning 4. 85%. Cash Sweep Vehicle eligibility is based on the type of investment account and nature of account ownership. Maintain $25,000 in portfolio value. 35% . Visit Site. What is a cash. 5%, and Fidelity's base margin rate is 12. But don’t expect to earn much. On a balance of $10,000, after one year that would generate $60 at the low end to $216 at the high. Does TD Ameritrade have cash accounts? Why settle for multiple bank accounts when you can have the flexibility to trade, invest, spend and pay bills from one TD. And settlement — the process of going from. 1 A target deposit balance represents the dollar amount always maintained in your SVB deposit account linked to the SVB Cash Sweep. Cash Sweep Vehicle eligibility is based on the type of investment account and nature of. After your account is established, you may select a different Program Bank List, if one is available, to receive your deposits. 50% on the cash balance, AEIS would retain 5. Cash Sweep A cash sweep is when money is automatically moved into a bank account based on a certain threshold. Sweep accounts are a great way to let your excess money work for you. Protecting cash balances with sweep vehicles. Current Yield*. It is called a cash sweep because the cash is taken or swept from the. Individual investors may benefit from monitoring these balances manually, occasionally transferring money from a sweep account to a more attractive money market. 01%. Insured Cash Sweep (ICS) accounts leverage a network of banks to provide extra Federal Deposit Insurance Corp. 15%. Featuring over 400 games, a native mobile app, stellar security, and a generous welcome offer, McLuck seems to have it all. The Insured Cash Sweep® program by IntraFi Network SM has been around for a while, and it allows banks to pay a fee to access a network of other banks in the FDIC network. Define Cash Sweep Fund. 5% without Gold. Both requirements are 'point of purchase' requirements. Wells Fargo offers three options. This is usually done to prevent excess cash from sitting in a low-rate account, but sweep accounts can also be used to pay off loans. By concentrating cash in one place, a business can place funds in larger financial instruments at higher rates of return. Studio Peng, RicoMoney-fund rates have stayed high so far this year, now averaging 4. 33%. Sellsidehandbook may draw on the revolver from time to time to meet cash flow needs. July 14, 2021. 35%. government. List of the 10 Best Sweepstakes Casinos. Schwab SWSXX going away. Cash Sweep Vehicle refers to the automatic deposit. Deposits must be received before January 26, 2024, to be eligible for the promotional rate. Charles Schwab corp (NYSE: SCHW) is the owner of TD Ameritrade. Virgin Islands, ages 16 or older. It is available for free, is easy to use, and has no conditions or restrictions. The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to help educate investors about bank sweep programs, which some broker-dealers offer to their customers as a way to manage cash in their brokerage accounts. Net new assets excluding mutual fund clearing totaled $40. 10% per year ($10 per $10,000 of assets) to 0. Along with being fully insured, the ability to work with only one bank, and the fully liquid, same-day convenience factor is also a significant benefit. 48% APY as of 9/6/23. Using market interest rates from the second quarter of 2022, Schwab Bank earned about 0. r/Bogleheads. Adding- you can verify it is a Schwab. Important Information. The TD Bank FDIC Insured Deposit Account (IDA) and TD Ameritrade Cash will NOT be affected, as they are not money market mutual funds. " Supporting documentation for any claims or statistical information is available upon request. S. 40%. The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to help educate investors about bank sweep programs, which some broker-dealers offer to their customers as a way to manage cash in their brokerage accounts. Sweep of Uninvested CashACAT Transfer Fees 🏷️. 01-0. Cash Management. m. It requires six quick steps so I chose to capture the process in its entirety. The Nabisco Delicious Wishes Gift Exchange Sweepstakes & Instant Win Game will award one Grand Prize Winner $10,000 cash in the form of a check. Listen. The cash sweep accounts also fell slightly to $29. 12. This includes your trading activity, as well as deposits and withdrawals. A minimum target deposit balance requirement may apply. S. means the application of amounts standing to the credit of the Earnings Account pursuant to and in accordance with clause 28. The game is played by choosing a 4 digit number. means, with respect to any Subject Fund, a Subject Fund designated as such on Appendix 4 whose Project Documents reduce, limit, suspend or otherwise restrict distributions to the Managing Member following the occurrence of certain events enumerated in such Project Documents, including (a) the failure to achieve a. When you submit funds for placement through your bank using ICS or CDARS, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000 and placed in deposit accounts at other network banks. Breaking It Down. NerdWallet's Best Brokerage Accounts for High Interest Rates on Cash Sweep. If you pay for Robinhood Gold. Ultimately went with a short-term fund that does not end in XX to avoid the annoyance. YouThe main difference is that Schwab’s cash sweep feature is almost as chintzy as Chase’s, with yields between 0. Saves Time Manage your school expenses and view payment history in one placeWith bank sweep benefits, your cash is compounded daily and deposited monthly on the 15th (or the next business day). Automatically keep custody account funds liquid and stable while possibly generating a return. The regulator claims that from September 2016 to January 2021, the Concord, Calif. 4 basis points ($74/$100,000) of. Access cash with your UBS debit card or use your UBS credit card to get cash at banks and ATMs worldwide without finance charges or cash advance fees provided you have sufficient funds available in your linked eligible UBS account. 75. 48% annually. Ultimately went with a short-term fund that does not end in XX to avoid the annoyance. indd Job # Page # CC165897 Spellcheck: Yes 1 of 4 Color Seps: No Fold Dummy: No Round 3 Last Modified 8-11-2015 5:24 PM TEAM Studio Prev. Depending on the specifics of the occasion, local authorities may approve Cash Sweep special draws. Safe, FDIC insured, but low interest. With the cash sweep. Webull, a $0-commission brokerage firm, offers the industry's highest rate of 5% APY on free cash balances. 45% APY this cash is covered by SIPC, it's really cash, not an investment. High interest on cash. NerdWallet's Best Cash Management Accounts of 2023. . CDs will be covered by FDIC. Fund details, performance, holdings, distributions and related documents for Schwab Government Money Fund - Sweep Shares (SWGXX) | The fund’s goal is to seek the highest current income consistent with stability of capital and liquidity. Cash pooling – definition. 5% annually, on top of the more expensive mutual funds they manage for you. Wells Fargo Advisors’ Brokerage Cash Services is an enhanced brokerage feature that combines investing with easy access to digital banking providing seamless navigation between online banking, brokerage, transfers, and bill pay platforms with a sweep of cash balances. E*Trade's cash sweep rate, for example, is 0. Sweep accounts are useful in managing a steady cash flow between a cash account used to make scheduled payments, and an investment account where the cash is able to accrue a higher return. Le cash sweep, aussi appelé debt sweep, est une clause imposée par des prêteurs à une entreprise. The Consumer Financial Protection Bureau (CFPB) offers help in more than 180 languages, call 855-411-2372 from 8 a. Through this process, funds are moved from a bank deposit account to an investment account or from an investment. When a trade settles the required funds are swept (in/out) of the sweep account. 27% as of writing this. LPL Financial is tweaking its largest client cash sweep program to generate an even higher yield for the company and a much lower one for its customers. May 13, 2019. Offerman, TD’s FDIC-insured cash sweep account is yielding 48 basis points for the first $500,000, and the yield goes up to 71 basis points at $1 million. that's within a few points of t bills as of today. MM funds can’t typically go negative in any circumstances from what I’m seeing. Adding- you can verify it is a Schwab. When used as a cash sweep though, you are probably screwed. Ta Petro Sweepstakes. 29. When used as a cash sweep though, you are probably screwed. Investments in money market funds are subject to restrictions, charges, and expenses described in the prospectus. Subject to change without prior notice. A sweep account also provides liquidity—many of the investment vehicles used are accessible, such as money market funds or high-interest savings accounts. The bad news is that you can’t change it to automatically sweep to anything else right now. , TD Ameritrade and ETrade announced that they would offer commission-free trading. 50% AEIS would receive 5. Vanguard: Best for Interest rate of 5% or more. Goss Advisors recognizes that having multiple options for sweeps is a challenge because of the choice between the benefit of FDIC insurance to preserve principal and, at times, higher yields within the money market funds. Este proceso ayuda a una empresa a minimizar el riesgo y la responsabilidad, así como a pagar su deuda a un ritmo más rápido de lo esperado o. Here’s. S. The Moomoo Financial Inc. Learn how to keep track of cash balances, order history, and trade history using the Account Statement on thinkorswim®. While the brokerage firm has had a policy of. Investing excludes options and margin trading. 🥈 WOW Vegas Casino. 00. To conduct a cash sweep, excess cash is moved from a borrower’s account and applied towards existing debt. Step 5. TD Ameritrade, Inc. Payment for order flow: Many brokers generate income by accepting payment from. 01 - $4,999. Cash pooling (sometimes also written as cashpooling) is a centralised cash management technique that is used by companies made up of multiple subsidiaries. 1. LATEST RESULTS Draw No. 25 million or $250,000 per program bank, inclusive of any other deposits you may. S. All Videos. Cash Sweep Vehicle eligibility is based on the type of investment account and nature of account ownership. Webull Promotion 12 FREE stocks valued $36-$36,000 when you deposit ANY AMOUNT at Webull. E*Trade's cash sweep rate, for example, is 0. The August 85 puts are priced slightly above the July contracts and they have $0. Interest Rate. On a cash account, you can buy again right away, but if those funds aren't settled and you sell the new stock right away, you will get a good faith violation. 7 billion. . For information on margin rates, see Best Margin Rates article. How do cash sweep accounts work? A sweep account is a type of bank or brokerage account that provides a convenient way to manage and maximize the use of cash balances. Included is an overview of cash sweep options and how they work, explanations of protection/insurance coverage, how interest rates are calculated, and other important considerations. The top contenders for the best new sweepstakes casino for 2023 are High 5 Casino, McLuck,. OTHER CASH SWEEP OPTIONS As a Janney client, your eligible accounts are automatically enrolled in Janney Insured Sweep upon account opening, unless you instruct us otherwise. Celle-ci stipule qu'elle devra consacrer tout ou partie de son cash flow annuel au remboursement de ses dettes, avant toute autre ventilation, y compris en différant le paiement des dividendes aux actionnaires. Who is eligible: Open to legal U. VMFXX is the sweep account/MM fund for vanguard and it's paying 4. According to Crane Data, in the summer of 2019, the rate of return in brokerage sweep accounts varied from north of 2% to as little as 0. Hours wasted trying to get it sorted out with MS. 1 Introduction to Cash Sweep Program. com or (805) 692-4300. J. The International Sweep Deposit Account (ISDA) provides the same interest rates as the ESDA and RSDA programs (0. Cash Sweep Program is a cash management program provided by Moomoo Financial Inc. You're referring to Fractional Reserve Banking, the greatest scam ever pulled on the American public. Funds move once a pre-determined target balance has been exceeded, allowing you to better manage cash flow. S. To learn more about Insured Cash Sweep, contact your local Hills Bank location, call toll free at 1-800-445-5725 (1-800-HILLSBK), or use the chat button on the lower-right-hand side of this page to connect with a banker during our business hours. Webull Promotion 12 FREE stocks valued $36-$36,000 when you deposit ANY AMOUNT at Webull. This will allow you to continue day trading and regain access to our Stock Lending and Brokerage cash sweep programs. Open an account. Plan ahead. Dividends are removed from stocks price. Effective January 1, 2023. 1. Annual Percentage Yield . You win the most money if you get within the 1st, 2nd, or 3rd tier of the draw, but there are also Starter and Consolation prize sections as well.