Insured Deposit Program

Updated 03/01/2016

Welcome to the Insured Deposit Program. Under this program, available cash balances (from security transactions, dividend and interest payments and other activities) in your eligible Pershing, LLC brokerage accounts will automatically be deposited into interest-bearing Federal Deposit Insurance Corporation ("FDIC") insured deposit accounts ("Deposit Accounts") at one or more of the banks set forth below.

Funds in the Deposit Accounts at each Bank are eligible for deposit insurance by the FDIC, up to a total of $250,000 in principal and interest per depositor in most insurable capacities (e.g. individual, joint, etc.) when aggregated with all other deposits held in the same insurable capacity at a Bank. Pershing, LLC, will deposit the available cash in your brokerage account in a Deposit Account at one or more of the Banks listed below, up to $225,000 for an individual account, and $450,000 for joint accounts of two or more, irrespective of the capacity in which you hold your brokerage account, and the maximum applicable FDIC insurance coverage available. As your funds will be eligible for up to $2,500,000 for individual accounts or $5,000,000 for joint accounts of total FDIC insurance coverage, subject to applicable limitations. Once $225,000 (or $450,000 for joint accounts of two or more) has been deposited in each of the Banks, any additional funds will be deposited in an "Excess Bank" without limit and without regard to maximum available FDIC insurance coverage.

The interest rates on the Deposit Accounts will vary based upon the total net worth of the assets you maintain in your brokerage account, including cash. Pershing will link your brokerage account to additional brokerage accounts you hold at Pershing registered under the same social security number to determine your Interest Rate Tier. The aggregate assets of all "linked" brokerage accounts is referred to as your "Aggregate Net Worth" or "ANW." In general, clients with greater ANW may receive a higher interest rate than clients with lower ANW. Pershing will determine your ANW as of the interest posting date each month and add it to the ANW as of the interest posting date for the prior month which is then divided by two to determine your average Aggregate Net Worth for the period. This average Aggregate Net Worth will determine your eligibility for a particular Interest Rate Tier for the forthcoming interest period. If there isn't a prior period ANW, then the total amount (not the average) of your ANW will be used to determine your Interest Rate Tier for that initial interest period.

Each Bank will pay Woodbury Financial a fee equal to a percentage of the average daily deposit balance in your Deposit Accounts at the Bank. The fee paid to Woodbury Financial may be an annual rate of up to 200 basis points on the Bank's Deposit Accounts. Woodbury Financial may waive any part of this fee at any time. Depending on the prevailing interest rate environment at a particular time, the fees paid by the Bank may be more or less than the interest the Bank pays on your deposit accounts. The fees Woodbury Financial receives from the Bank may be greater than the fees Woodbury Financial receives from other sweep investment options. The fee Woodbury Financial receives may differ among Banks depending on the interest rate environment and/or any fee reductions made by Woodbury Financial. The amount of fee received or waived by Woodbury Financial will affect the interest rate paid by the Bank on your deposit accounts. Woodbury Financial advisors do not receive any of the fees received by Woodbury Financial from the Banks. Upon request, Woodbury Financial will provide you with information concerning the fees it receives in connection with the Insured Deposit Program.

For yields on money market mutual funds that your Financial Advisor continues to offer, please contact your Advisor.

CURRENT TIERS AND RATES
(Last updated on 03/01/2016)

Aggregate Net Worth (ANW)
Tier / Range / Yield
1 / $0-$25,000 / 0.01%
2 / 25,001 - $50,000 / 0.01%
3 / $50,001 - $150,000 / 0.01%
4 / 150,001 - $500,000 / 0.01%
5 / $500,001 - $2,500,000 / 0.02%
6 / Over $2,500,000 / 0.03%

REGIONS: INSURED DEPOSIT PROGRAM BANKS

(Last updated on 03/01/2016)

Region 1:
(AL, AR, IA, KS, KY, LA, MS, MO, NE, OK, TN) / Region 2:
(IL, IN, MI, OH, WI)
1 / American Express Centurion Bank / 1 / S&T Bank
2 / American Express Bank, FSB / 2 / MUFG Union Bank, N.A.
3 / Bank of New Hampshire / 3 / Citibank, N.A.
4 / Capital One Bank (USA), N.A. / 4 / Union Bank and Trust
5 / The Bank of East Asia Ltd. / 5 / Bank of New Hampshire
6 / Yadkin Bank / 6 / First Tennessee Bank, N.A.
7 / MUFG Union Bank, N.A. / 7 / The Bank of East Asia Ltd.
8 / Citibank, N.A. / 8 / First County Bank
9 / Bank of China / 9 / Cadence Bank, N.A.
10 / Cadence Bank, N.A. / 10 / Bryn Mawr Trust Co.
11 / Mizuho Bank (USA) / 11 / First Niagara Bank
12 / First County Bank / 12 / Capital One Bank (USA), N.A.
13 / First Niagara Bank / 13 / Bank of North Carolina
14 / EagleBank / 14 / American Express Bank, FSB
15 / First Tennessee Bank, N.A. / 15 / Simmons First National Bank
16 / S&T Bank / 16 / Yadkin Bank
17 / Compass Bank / 17 / Monarch Bank
18 / Union Bank and Trust / 18 / Mizuho Bank (USA)
19 / Banc of California, N.A. / 19 / Compass Bank
20 / Simmons First National Bank / 20 / Bank of Baroda
21 / Bank of North Carolina / 21 / American Express Centurion Bank
22 / Bryn Mawr Trust Co. / 22 / Bank of China
23 / Monarch Bank / 23 / Northern Bank and Trust
24 / New York Community Bank / 24 / Banc of California, N.A.
25 / Northern Bank and Trust / 25 / EagleBank
26 / Bank of Baroda / 26 / New York Community Bank
27 / SunTrust Bank / 27 / SunTrust Bank
28 / Enterprise Bank & Trust / 28 / Enterprise Bank & Trust
29 / Florida Community Bank / 29 / Florida Community Bank
Excess Bank List / Excess Bank List
Citibank, N.A. / Citibank, N.A.
Capital One Bank (USA), N.A. / Capital One Bank (USA), N.A.
SunTrust Bank / SunTrust Bank
Region 3:
(DE, MD, NJ, PA, DC) / Region 4:
(AK, CO, ID, MN, MT, ND, OR, SD, WA, WY)
1 / First Tennessee Bank, N.A. / 1 / American Express Bank, FSB
2 / Yadkin Bank / 2 / Bank of Baroda
3 / Bank of Baroda / 3 / Yadkin Bank
4 / Monarch Bank / 4 / First Niagara Bank
5 / MUFG Union Bank, N.A. / 5 / Monarch Bank
6 / The Bank of East Asia Ltd. / 6 / First Tennessee Bank, N.A.
7 / Bank of New Hampshire / 7 / Bryn Mawr Trust Co.
8 / New York Community Bank / 8 / MUFG Union Bank, N.A.
9 / American Express Bank, FSB / 9 / The Bank of East Asia Ltd.
10 / American Express Centurion Bank / 10 / American Express Centurion Bank
11 / EagleBank / 11 / New York Community Bank
12 / Cadence Bank, N.A. / 12 / S&T Bank
13 / Banc of California, N.A. / 13 / Simmons First National Bank
14 / Northern Bank and Trust / 14 / Banc of California, N.A.
15 / Bank of China / 15 / Compass Bank
16 / Bryn Mawr Trust Co. / 16 / SunTrust Bank
17 / S&T Bank / 17 / First County Bank
18 / Bank of North Carolina / 18 / EagleBank
19 / Simmons First National Bank / 19 / Cadence Bank, N.A.
20 / First County Bank / 20 / Citibank, N.A.
21 / Citibank, N.A. / 21 / Bank of New Hampshire
22 / Mizuho Bank (USA) / 22 / Bank of China
23 / Compass Bank / 23 / Florida Community Bank
24 / Capital One Bank (USA), N.A. / 24 / Capital One Bank (USA), N.A.
25 / Union Bank and Trust / 25 / Bank of North Carolina
26 / First Niagara Bank / 26 / Northern Bank and Trust
27 / SunTrust Bank / 27 / Mizuho Bank (USA)
28 / Enterprise Bank & Trust / 28 / Enterprise Bank & Trust
29 / Florida Community Bank / 29 / Union Bank and Trust
Excess Bank List / Excess Bank List
Citibank, N.A. / Citibank, N.A.
Capital One Bank (USA), N.A. / Capital One Bank (USA), N.A.
SunTrust Bank / SunTrust Bank
Region 5:
(CT, MA, ME, NH, NY, RI, VT) / Region 6:
(FL, GA, NC, SC, VA, WV)
1 / American Express Centurion Bank / 1 / Bank of North Carolina
2 / Compass Bank / 2 / First Tennessee Bank, N.A.
3 / Yadkin Bank / 3 / First Niagara Bank
4 / Banc of California, N.A. / 4 / Capital One Bank (USA), N.A.
5 / First Tennessee Bank, N.A. / 5 / MUFG Union Bank, N.A.
6 / Bank of Baroda / 6 / The Bank of East Asia Ltd.
7 / MUFG Union Bank, N.A. / 7 / Simmons First National Bank
8 / Enterprise Bank & Trust / 8 / Bryn Mawr Trust Co.
9 / The Bank of East Asia Ltd. / 9 / Monarch Bank
10 / Monarch Bank / 10 / New York Community Bank
11 / First Niagara Bank / 11 / EagleBank
12 / Bryn Mawr Trust Co. / 12 / S&T Bank
13 / SunTrust Bank / 13 / American Express Centurion Bank
14 / S&T Bank / 14 / Bank of Baroda
15 / Cadence Bank, N.A. / 15 / Bank of China
16 / Bank of North Carolina / 16 / American Express Bank, FSB
17 / Northern Bank and Trust / 17 / Cadence Bank, N.A.
18 / Bank of New Hampshire / 18 / Yadkin Bank
19 / American Express Bank, FSB / 19 / Banc of California, N.A.
20 / EagleBank / 20 / Florida Community Bank
21 / Union Bank and Trust / 21 / Bank of New Hampshire
22 / New York Community Bank / 22 / First County Bank
23 / Bank of China / 23 / Northern Bank and Trust
24 / Mizuho Bank (USA) / 24 / Citibank, N.A.
25 / First County Bank / 25 / Mizuho Bank (USA)
26 / Simmons First National Bank / 26 / Compass Bank
27 / Citibank, N.A. / 27 / SunTrust Bank
28 / Capital One Bank (USA), N.A. / 28 / Enterprise Bank & Trust
29 / Florida Community Bank / 29 / Union Bank and Trust
Excess Bank List / Excess Bank List
Citibank, N.A. / Citibank, N.A.
Capital One Bank (USA), N.A. / Capital One Bank (USA), N.A.
SunTrust Bank / SunTrust Bank
Region 7:
(AZ, NV, NM, TX, UT) / Region 8:
(CA, HI, & other territories)
1 / Mizuho Bank (USA) / 1 / American Express Bank, FSB
2 / Cadence Bank, N.A. / 2 / The Bank of East Asia Ltd.
3 / Simmons First National Bank / 3 / MUFG Union Bank, N.A.
4 / Bank of China / 4 / Simmons First National Bank
5 / New York Community Bank / 5 / Union Bank and Trust
6 / MUFG Union Bank, N.A. / 6 / Bryn Mawr Trust Co.
7 / Yadkin Bank / 7 / First County Bank
8 / First Niagara Bank / 8 / Citibank, N.A.
9 / First County Bank / 9 / Bank of New Hampshire
10 / Bryn Mawr Trust Co. / 10 / Florida Community Bank
11 / The Bank of East Asia Ltd. / 11 / American Express Centurion Bank
12 / Citibank, N.A. / 12 / EagleBank
13 / Capital One Bank (USA), N.A. / 13 / Mizuho Bank (USA)
14 / Compass Bank / 14 / New York Community Bank
15 / Enterprise Bank & Trust / 15 / First Tennessee Bank, N.A.
16 / EagleBank / 16 / Northern Bank and Trust
17 / Northern Bank and Trust / 17 / Bank of Baroda
18 / First Tennessee Bank, N.A. / 18 / Bank of China
19 / Monarch Bank / 19 / Banc of California, N.A.
20 / Banc of California, N.A. / 20 / Cadence Bank, N.A.
21 / American Express Centurion Bank / 21 / SunTrust Bank
22 / Bank of Baroda / 22 / Yadkin Bank
23 / S&T Bank / 23 / Monarch Bank
24 / Bank of North Carolina / 24 / Bank of North Carolina
25 / SunTrust Bank / 25 / Compass Bank
26 / American Express Bank, FSB / 26 / S&T Bank
27 / Bank of New Hampshire / 27 / First Niagara Bank
28 / Florida Community Bank / 28 / Enterprise Bank & Trust
29 / Union Bank and Trust / 29 / Capital One Bank (USA), N.A.
Excess Bank List / Excess Bank List
Citibank, N.A. / Citibank, N.A.
Capital One Bank (USA), N.A. / Capital One Bank (USA), N.A.
SunTrust Bank / SunTrust Bank