Money Market Rates
|
Fund |
7 Day Yield* as of 08/19/10 |
7 Day Eff Yield** |
||
|
BB&T
Prime Fund Class A |
(BBP) |
0.03% |
0.03% |
|
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) |
0.02% |
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% |
|
Maryland
Municipal Cash |
(FMD) |
0.01% |
0.01% |
|
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.