

Submitting Cash And Sweep Vehicle Td Ameritrade doesn?t need to be stressful anymore. Send the e-form to the intended recipient.
CASH AND SWEEP VEHICLE DOWNLOAD

Please review the Fund’s prospectus which provides details of this and other important information and which is available from Millennium Trust. Government Select PortfolioĪll idle cash will be held in the Northern Institutional U.S. *Some limits may apply for clients with multiple IRAs/Qualified Retirement accounts and if combined idle cash is over $5 million.Īll idle cash will be held in the Federated Government Obligations Fund – Trust Shares** (GORXX). Investors may also obtain current information by viewing the Fund’s Fact Sheet. Idle cash balances in retirement accounts are automatically swept into the participating banks in the program, with the maximum amount of idle cash held at any individual bank being $250,000 (the current limit available for FDIC insurance per depositor).īalances over $5 million will be held in the Federated Government Obligations Fund – Trust Shares** (GORXX). The program uses interest-bearing, bank demand accounts at various unaffiliated banks to provide the benefit of FDIC insurance. If you wish to specify a different Cash Sweep Vehicle, if available for your account type, you may do so at any time by contacting us. Our FDIC insured Cash Sweep Program utilizes multiple unaffiliated banks to provide up to $5 million in FDIC insurance per account for the investment of idle cash.* eligible (if not, your Cash Sweep Vehicle will be (and any cash balances will be transferred to) the Standard Bank Deposit Sweep, or an available Money Market Fund selected by us). Your account type determines which cash sweep vehicle is used. In a cash sweep program, uninvested cash is automatically transferred into an interest-bearing account. Millennium Trust's Cash Sweep Program offers daily liquidity and competitive interest rates. Retirement Services Portal (for Business Professionals).MAP-Custody Services Portal (for Financial Professionals).
