Money Market Rates
|
Fund |
7 Day Yield* as of 06/09/11 |
7 Day Eff Yield** |
|
|
Sterling
Capital Fund Class A |
(BBP) |
0.01% |
0.01% |
|
Sterling
Capital Treasury Fund Class A |
(BBT) |
0.01% |
0.01% |
|
Government
Cash Series |
(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 |
(FMU) |
0.00% |
0.00% |
|
California
Municipal Cash |
(FCA) |
0.02% |
0.02% |
|
Connecticut
Municipal Cash |
(FCT) |
0.01% |
0.01% |
|
Florida
Municipal Cash |
(FLX) |
0.01% |
0.01% |
|
Georgia
Municipal Cash |
(FGA) |
0.02% |
0.02% |
|
New
Jersey Municipal Cash |
(FNJ) |
0.01% |
0.01% |
|
New
York Municipal Cash |
(FNY) |
0.02% |
0.02% |
|
North
Carolina Muni. Cash |
(FNC) |
0.01% |
0.01% |
|
Pennsylvania
Municipal Cash |
(FPA) |
0.02% |
0.02% |
|
Virginia
Municipal Cash |
(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% |
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.