A.G. Edwards Inc. said Tuesday that it had launched its AGE Bank Deposit Program, which lets brokerage clients earn returns of 4.5% to 4.9% on cash balances, depending on the account.

New eligible customers will be added to the program automatically, A.G. Edwards said. Twenty banks nationwide are participating, the company said. In June, A.G. Edwards Trust Co., a unit of A.G. Edwards & Sons, will also begin taking deposits.

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