Can I change the order of the banks for the Insured Bank Deposit Sweep Program?

Your joint account was not invited to enroll in the Insured Deposit Sweep Program because your joint account may have insufficient funds, a non-valid tax ID, the joint ownership is not 50/50 or at least one co-owner is already enrolled in the Insured Bank Deposit Sweep Program from a separate joint account…

You will earn interest at IBKR's published rates based on your total settled cash balances, regardless of where your cash is held.  

Interest on Insured Bank Deposit Sweep Program balances will accrue daily from the day funds are deposited into a program bank through the business day preceding the date of withdrawal from that bank. Interest will be credited monthly. The specific program bank assigned to your account does not impact the interest rate you receive…

IBKR establishes contracts with multiple FDIC-insured banks, which are included in one or more bank priority lists. Your account's legal address on record determines your bank priority list and this list controls the order in which program banks receive cash swept from your brokerage account…

The Insured Bank Deposit Sweep Program allows clients to sweep excess funds above $250,000 from their IBKR accounts to participating FDIC-insured banks. Doing so allows for a client to maintain SIPC coverage on up to $250,000 of funds at IBKR as well as receive FDIC insurance on the funds swept. As IBKR caps the sweep at $246,500 ($493,000 for joint accounts) per participating bank, swept deposits receive the benefit of full FDIC coverage…