Money Market Rates
|
Fund |
|
7 Day Yield* as of 02/25/10 |
7 Day Eff Yield** |
|
BB&T
Prime Fund Class A |
(BBP) |
0.01% |
0.01% |
|
BB&T
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) |
0.01% |
0.01% |
|
Connecticut
Municipal Cash |
(FCT) |
0.00% |
0.00% |
|
Florida Municipal Cash |
(FLX) |
0.01% |
0.01% |
|
Georgia Municipal Cash |
(FGA) |
0.00% |
0.00% |
|
Maryland Municipal Cash |
(FMD) |
0.01% |
0.01% |
|
New Jersey Municipal Cash |
(FNJ) |
0.00% |
0.00% |
|
New York Municipal Cash |
(FNY) |
0.00% |
0.00% |
|
North Carolina Muni. Cash |
(FNC) |
0.00% |
0.00% |
|
Pennsylvania Municipal Cash |
(FPA) |
0.00% |
0.00% |
|
Virginia Municipal Cash |
(FVA) |
0.00% |
0.00% |
*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 July 2, 2009, the rates on the IDP are as follows:
|
Household Assets |
Annual Percentage Yield (APY) |
|
$0-$49,999.99 |
0.05% |
|
$50,000-$99,999.99 |
0.05% |
|
$100,000-$249,999.99 |
0.05% |
|
$250,000-$499,999.99 |
0.10% |
|
$500,000-$999,999.99 |
0.10% |
|
$1,000,000-$2,499,999.99 |
0.15% |
|
$2,500,000+ |
0.20% |
|
Program Banks |
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.