Money Market Rates

Fund

7 Day  Yield* as of 08/19/10

7 Day Eff Yield**
as of  08/19/10

 

BB&T Prime Fund Class A
NASDAQ Symbol BBAXX

(BBP)

0.03%

0.03%

 

BB&T Treasury Fund Class A
NASDAQ Symbol BBUXX

(BBT)

0.01%

0.01%

 

Government Cash Series
NASDAQ Symbol CTGXX

(FGT)

0.01%

0.01%

 

Treasury Cash Series NASDAQ Symbol CTTXX

(FTC)

0.00%

0.00%

 

Prime Cash Series      NASDAQ Symbol CTPXX

(FPC)

0.01%

0.01%

 

Municipal Cash Series
NASDAQ Symbol CMSXX

(FMU)

0.00%

0.00%

 

California Municipal Cash
NASDAQ Symbol CCSXX

(FCA)

0.02%

0.02%

 

Connecticut Municipal Cash
NASDAQ Symbol CTCXX

(FCT)

0.01%

0.01%

 

Florida Municipal Cash
NASDAQ Symbol FLMXX

(FLX)

0.01%

0.01%

 

Georgia Municipal Cash
NASDAQ Symbol GAMXX

(FGA)

0.02%

0.02%

 

Maryland Municipal Cash
NASDAQ Symbol MDMXX

(FMD)

0.01%

0.01%

 

New Jersey Municipal Cash
NASDAQ Symbol NJSXX

(FNJ)

0.01%

0.01%

 

New York Municipal Cash
NASDAQ Symbol FNTXX

(FNY)

0.02%

0.02%

 

North Carolina Muni. Cash
NASDAQ Symbol NCMXX

(FNC)

0.01%

0.01%

 

Pennsylvania Municipal Cash
NASDAQ Symbol FPAXX

(FPA)

0.02%

0.02%

 

Virginia Municipal Cash
NASDAQ Symbol VACXX

(FVA)

0.01%

0.01%

 

*7-Day yield: Money funds generally report a 7-day SEC yield. The rate expresses how much the fund would yield if it paid income at the same level as it did in the prior month for a whole year. It is calculated by taking the sum of the income paid out over the period divided by 7, and multiplying that quantity by 36500 (365 days x 100).

**7-day effective yield: A hypothetical figure that estimates what the yield would be if the investor continued to reinvest dividends at the current 7-day yield for one year. It is calculated by annualizing dividends paid during the last seven days of the period. It assumes that income earned from the fund's investments is reinvested and compounded.

 

Insured Deposit Program Rates for Retail Accounts

 

The rate that your clients earn on their cash balances in the IDP will be based on the value of the total assets they have with your brokerage firm.  Effective June 3, 2010, the rates on the IDP are as follows:

 

 

 

Household Assets

Annual Percentage Yield (APY)

$0-$49,999.99

0.03%

$50,000-$99,999.99

0.03%

$100,000-$249,999.99

0.03%

$250,000-$499,999.99

0.05%

$500,000-$999,999.99

0.05%

$1,000,000-$2,499,999.99

0.07%

$2,500,000+

0.12%

 

 

 

Program Banks

 

Associated Bank, NA

 

BB&T Financial FSB, Columbus, GA

 

Branch Banking and Trust Company, Winston-Salem, NC

 

Deutsche Bank Trust Company Americas, New York, NY

 

East West Bank, Pasadena, CA

 

Modern Bank, NA, New York, NY

 

Orrstown Bank

 

Penn Security Bank and Trust Company, Scranton, PA

 

Republic Bank, Bountiful, UT

 

Tidelands Bank, Mount Pleasant, SC

 

Tristate Capital Bank

 

Umpqua Bank, Roseburg, OR

 

Union Bank of CA

 

Zions First National Bank

 

 

 

 

Clearview Correspondent Services, LLC is a separate nonbank affiliate of BB&T Corporation. Member FINRA/SIPC.  The information provided is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security that may be referenced on this site. SECURITIES AND INSURANCE PRODUCTS OR ANNUITIES SOLD, OFFERED OR RECOMMENDED BY YOUR BROKERAGE FIRM ARE NOT A DEPOSIT, NOT FDIC INSURED, NOT GUARANTEED BY A BANK, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY AND MAY LOSE VALUE.

 

 

An investment in money market mutual funds is neither insured nor guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although money market mutual funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Funds. Money market funds are sold by prospectus only. The prospectus contains complete details about each fund, including risks, charges and expenses and should be read carefully before you invest or send money.