Amerprise Cash Sweep Class Action Lawsuit Investigation
Ameriprise allegedly gives clients low interest rates on un-invested cash while earning higher fees.
Invest with Ameriprise?
Gibbs Law Group is investigating a potential class action lawsuit on your behalf.
Ameriprise Financial client?
Ameriprise Cash Sweep Lawsuits for paying clients unreasonably low interest rates
Ameriprise clients allege that the interest rates offered in its cash sweep programs are unreasonable and that Ameriprise enriches itself and fails to act in clients’ best interests. Clients and a recent lawsuit claim that Ameriprise pays customers as little as 0.218% interest on cash sweep accounts, while some other banks pay closer to 4.6%.
What is a Cash Sweep Account at Ameriprise?
A cash sweep account is a bank account that automatically moves cash funds between accounts to minimize risk and maximize returns. If you have an account with Ameriprise, then you may have a cash sweep account. Ameriprise refers to its bank deposit sweep programs as “Ameriprise Insured Money Market Accounts” and “Ameriprise Bank Insured Sweep Account.”
How do I Join an Ameriprise Financial Cash Sweep Class Action?
If you have an account with Ameriprise, then you may have been impacted by this. Contact us to find out if you’re eligible to join the Ameriprise class action lawsuit.
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About Us
Gibbs Law Group is a California-based law firm committed to protecting the rights of clients nationwide who have been harmed by corporate misconduct. We represent individuals, whistleblowers, employees, and small businesses across the U.S. against the world’s largest corporations. Our award-winning lawyers have achieved landmark recoveries and over a billion dollars for our clients in high-stakes class action and individual cases involving consumer protection, data breach, digital privacy, and federal and California employment lawsuits. Our attorneys have received numerous honors for their work, including “Top Plaintiff Lawyers in California,” “Top Class Action Attorneys Under 40,” “Consumer Protection MVP,” “Best Lawyers in America,” and “Top Cybersecurity/ Privacy Attorneys Under 40.”
Attorneys for the Potential Ameriprise Class Action Lawsuit
Rosemary Rivas
Rosemary is devoted to obtaining justice for consumers in lawsuits involving claims of false advertising, defective products, and privacy violations.
View full profileDave Stein
Dave represents clients in cases nationwide, ranging from securities and financial fraud cases to product liability, privacy, and data breach suits.
View full profileRosanne Mah
Rosanne represents consumers in complex class action cases involving deceptive or misleading practices, false advertising, and data/privacy issues.
View full profileOther consumer and investor protection lawsuits & investigations
Related Articles on the Cash Sweep Lawsuit Investigations
Read our press release on our investigations: