Sweep Money Market Mutual Fund & Bank Deposit Sweep Product Rates & Bank Lists

Pershing Base Lending Rate - USD | Current Yield: 11.375%

Last Compile Date: 07/13/2024

MONEY MARKET MUTUAL FUND YIELDS


Manager Fund 7-Day Yield Initial Minimum Investment External CUSIP Ticker Symbol
DREYFUS DREYFUS GOVT CASH MNGT SERV SH 4.40% $ 0.01 262006836 DGUXX
DREYFUS DREYFUS GOVT CASH MNGT WEALTH 4.95% $ 100,000.00 262006844 DGQXX
DREYFUS DREYFUS GOVT CASH MT ADMIN SH 5.10% $ 500,000.00 262006406 DAGXX
DREYFUS DREYFUS GOVT CASH MNGT INV SH 4.95% $ 100,000.00 262006307 DGVXX
DREYFUS DREYFUS GOVT SEC CASH MGT ADMN 5.05% $ 500,000.00 262006802 DAPXX
DREYFUS DREYFUS GOVT SEC CSH MGT INV 4.90% $ 100,000.00 262006703 DVPXX
DREYFUS DREYFUS NATIONAL MUNI WEALTH 2.31% $ 100,000.00 37045H101 GTMXX
DREYFUS DREYFUS NY MUNI MNY MKT WEALTH 2.07% $ 100,000.00 370456105 GNMXX
DREYFUS DREYFUS TREAS OBLIG CM ADMIN 5.08% $ 500,000.00 261908305 DTAXX
DREYFUS DREYFUS TREAS OBLIG CM INVEST 4.93% $ 100,000.00 261908206 DTVXX
DREYFUS DREYFUS TREAS OBLIG CM SERVICE 4.39% $ 0.01 261908875 DTNXX
DREYFUS DREYFUS TREAS OBLIG CM WEALTH 4.93% $ 100,000.00 261908883 DTKXX
DREYFUS DREYFUS TREAS SEC CSH ADM SHS 5.07% $ 500,000.00 261941306 DARXX
DREYFUS DREYFUS TRES SEC CSH MGMT INV 4.92% $ 100,000.00 261941207 DVRXX
DREYFUS DREYFUS TREAS SEC CM SERVICE 4.38% $ 0.01 261941702 DTHXX
DREYFUS DREYFUS TREAS SEC CM WEALTH SH 4.91% $ 100,000.00 261941603 DTJXX
DREYFUS DREYFUS MNY MKT FUND SERVICE 4.46% $ 0.01 370375206 GMBXX
DREYFUS DREYFUS NATIONAL MUNI SERVICE 1.83% $ 0.01 37045H200 GBMXX
DREYFUS DREYFUS NY MUNI MMKT SERVICE 1.67% $ 0.01 370456204 GNYXX
DREYFUS PERSHING GOVT CASH MANAGEMENT 4.40% $ 0.01 262006836 DGUXX
DREYFUS PERSHING PRIME MONEY MARKET 4.46% $ 0.01 370375206 GMBXX
DREYFUS PERSHING TREASURY SECURITIES 4.38% $ 0.01 261941702 DTHXX
BLACKROCK BLACKROCK LIQ FEDFUND ADMIN 5.09% $ 500,000.00 09248U445 BLFXX
BLACKROCK BLACKROCK LIQ FEDFUND DOLLAR 4.94% $ 100,000.00 09248U809 TDDXX
BLACKROCK BLACKROCK LIQ FEDFUND SELECT 4.36% $ 500.00 09248U494 BFBXX
BLACKROCK BLACKROCK LIQ FED TRUST ADMIN 5.06% $ 500,000.00 09248U411 BFTXX
BLACKROCK BLACKROCK LIQ FED TRUST DOLLAR 4.91% $ 100,000.00 09248U866 TSDXX
BLACKROCK BLACKROCK LIQ T-FUND ADMIN 5.08% $ 500,000.00 09248U676 BTAXX
BLACKROCK BLACKROCK LIQ T-FUND DOLLAR 4.93% $ 100,000.00 09248U692 TFEXX
BLACKROCK BLACKROCK LIQ T-FUND SELECT 4.35% $ 500.00 09250C812 BSLXX
BLACKROCK BLACKROCK LIQ TREAS TRST ADMIN 5.09% $ 500,000.00 09248U452 BITXX
BLACKROCK BLACKROCK LIQ TREAS TRST DOLLR 4.95% $ 100,000.00 09248U544 TTDXX
BLACKROCK BLACKROCK LIQ TREAS TRST SELCT 4.36% $ 500.00 09250C770 TSLXX
FEDERATED FEDERATED HERMES CA MUNI CAP 2.71% $ 500,000.00 608919502 CCCXX
FEDERATED FEDERATED HERMES CA MUNI CS 2.06% $ 0.01 608919403 CCSXX
FEDERATED FEDERATED HERMES CAP RESERVES 4.52% $ 0.01 608919304 FRFXX
FEDERATED FEDERATED HERMES GOVT RESERVES 4.35% $ 0.01 608919205 GRFXX
FEDERATED FEDERATED HERMES MUNI OBLIG CS 2.20% $ 0.01 608919650 MFSXX
FEDERATED FEDERATED HERMES NY MUNI CS 2.07% $ 0.01 608919866 FNCXX
FEDERATED FEDERATED HERMES GOVT OBL CAP 5.07% $ 500,000.00 608919809 GOCXX
FEDERATED FEDERATED HERMES GOVT OBLIG SS 4.96% $ 100,000.00 60934N807 GOSXX
FEDERATED FEDERATED HERMES GOV TAX MG SS 4.90% $ 100,000.00 60934N849 GTSXX
FEDERATED FEDERATED HERMES MUNI OBL CAP 2.91% $ 500,000.00 60934N633 MFCXX
FEDERATED FEDERATED HERMES MUNI OBLIG SS 2.76% $ 100,000.00 60934N641 MOSXX
FEDERATED FEDERATED HERMES NY MUNI WS 2.76% $ 500,000.00 608919858 NISXX
FEDERATED FEDERATED HERMES PRIME CSH CAP 5.23% $ 500,000.00 60934N591 PCCXX
FEDERATED FEDERATED HERMES PRIME CASH SS 5.08% $ 100,000.00 60934N617 PRCXX
FEDERATED PERSHING GOVERNMENT ACCOUNT 4.35% $ 0.01 608919205 GRFXX
FEDERATED PERSHING PRIME RESERVES 4.52% $ 0.01 608919304 FRFXX
FEDERATED FEDERATED HERMES TAX-FREE SS 2.63% $ 100,000.00 60934N880 TBSXX
FEDERATED FEDERATED HERMES TREAS OBL CAP 5.05% $ 500,000.00 60934N823 TOCXX
FEDERATED FEDERATED HERMES TREASRY OB SS 4.93% $ 100,000.00 60934N872 TOSXX
FEDERATED FEDERATED HERMES TR US TRSY CS 4.31% $ 0.01 608919569 TCSXX
FEDERATED FEDERATED HERMES US TREASRY SS 4.91% $ 100,000.00 60934N674 TISXX
GOLDMAN SACH GOLDMAN SACHS FS FED FND ADMIN 4.91% $ 100,000.00 38148U684 FIOXX
GOLDMAN SACH GOLDMAN SACHS FS FED FUND CMS 4.37% $ 500.00 38148U668 FIWXX
GOLDMAN SACH GOLDMAN SACHS FS FED FUND PREF 5.06% $ 500,000.00 38148U650 FIHXX
GOLDMAN SACH GOLDMAN SACHS FSQ TREAS ADMIN 4.91% $ 100,000.00 38142B872 FVAXX
GOLDMAN SACH GOLDMAN SACHS FSQ TREASURY CM 4.36% $ 500.00 38145C752 GFCXX
GOLDMAN SACH GOLDMAN SACHS FSQ TREASRY PRFD 5.06% $ 500,000.00 38142B856 GPFXX
GOLDMAN SACH GOLDMAN SACHS FSQ GOVT ADMIN 4.95% $ 1,000,000.00 38141W265 FOAXX
GOLDMAN SACH GOLDMAN SACHS FSQ GOVT CMS 4.40% $ 500.00 38145C828 GVCXX
GOLDMAN SACH GOLDMAN SACHS FSQ GOVT PRFRD 5.10% $ 500,000.00 38141W240 GPGXX
GOLDMAN SACH GOLDMAN SACHS INV MMKT ADMIN 5.04% $ 100,000.00 38148U569 FMKXX
GOLDMAN SACH GOLDMAN SACHS INV MMKT CMS 4.49% $ 500.00 38148U320 FHMXX
GOLDMAN SACH GOLDMAN SACHS INV TAX EX ADMIN 2.41% $ 100,000.00 38141W174 FEAXX
GOLDMAN SACH GOLDMAN SACHS INV TX EX CMS 1.36% $ 500.00 38145C687 GXCXX
GOLDMAN SACH GOLDMAN SACHS INV TX EX PRFRD 2.56% $ 500,000.00 38141W158 GPTXX
GOLDMAN SACH GOLDMAN SACHS FSQ TR INS ADMIN 4.89% $ 100,000.00 38142B609 FRAXX
GOLDMAN SACH GOLDMAN SACHS FSQ TR INS CMS 4.34% $ 500.00 38145C729 GICXX
GOLDMAN SACH GOLDMAN SACHS FSQ TR INS PRFRD 5.04% $ 500,000.00 38142B807 GPIXX
GOLDMAN SACH GOLDMAN SACHS FSQ TR OBL ADMIN 4.90% $ 1,000,000.00 38141W315 FGAXX
GOLDMAN SACH GOLDMAN SACHS FSQ TR OBL CMS 4.36% $ 500.00 38145C786 GTOXX
GOLDMAN SACH GOLDMAN SACHS FSQ TR OBL PRFRD 5.05% $ 500,000.00 38141W281 GPOXX
INVESCO INVESCO ST GOVT & AGENCY RSRCE 5.05% $ 500,000.00 825252869
INVESCO INVESCO ST GOVT & AGENCY RSRV 4.34% $ 0.01 825252851
INVESCO INVESCO ST GOVT & AGENCY PRVT 4.91% $ 100,000.00 825252877 GPVXX
INVESCO INVESCO ST TREAS OBLIG RESOURC 4.95% $ 500,000.00 825252810
INVESCO INVESCO ST TREAS OBLIG RESERVE 4.24% $ 0.01 825252786
INVESCO INVESCO ST TREASURY RESOURCE 5.04% $ 500,000.00 825252703
INVESCO INVESCO ST TREASURY RESERVE 4.33% $ 0.01 825252836
INVESCO INVESCO ST TREASURY PRIVATE 4.90% $ 100,000.00 825252109 TPFXX

FEDERAL DEPOSIT INSURANCE CORPORATION ("FDIC") ELIGIBLE BANK DEPOSIT SWEEP PRODUCTS - SINGLE RATE PRODUCT RATES*


Manager Bank Program Interest Rate Initial Minimum Investment
DIDFDIC DREYFUS INSURED DEPOSITS I 2.55% $ 0.01
IFFDIC INTERLINK INS BANK DEPOSIT I 2.59% $ 0.01
REICH & TANG LIQUID INSURED DEPOSITS 2.43% $ 0.01

Money Fund Providers

Federated Investors

Goldman Sachs


FDIC-Insured Deposits Program Providers

*The bank deposit sweep products themselves are NOT FDIC-insured. Rather, through a bank deposit sweep product, the cash balance in an investment account custodied by Pershing LLC (“Pershing”) (“Account”) is swept into deposit accounts at various participating FDIC member banks, which are all Insured Depository Institutions (IDIs). The bank deposit sweep product balance held at the IDIs is eligible for FDIC insurance coverage up to the current maximum deposit insurance amount of $250,000 per eligible depositor at each IDI, for each eligible category of ownership or capacity pursuant to FDIC regulations, including any other balances held at that IDI directly or through other intermediaries, including other broker-dealers. Bank deposit sweep products are intended to direct the cash balance in Accounts to multiple FDIC member IDIs in a manner intended to secure pass-through FDIC insurance coverage on the bank deposit sweep product balance held by each IDI, which is an FDIC member. Subject to certain exceptions, the maximum amount of FDIC deposit insurance coverage available on the total balance in most bank deposit sweep products is currently $2.5 million for each eligible category of legal ownership pursuant to FDIC regulations. Tiered rate bank deposit sweep products are also available, which have rates that vary between investors. Rates are displayed on customer statements and available through your Introducing Broker Dealer (“IBD”) or Investment Adviser. Other bank deposit sweep products specific to certain pricing arrangements selected by an IBD or Investment Adviser are also supported. Rates on the bank deposit sweep products are displayed on customer statements and available through your IBD or Investment Adviser.
 

Risks of FDIC Eligible Bank Deposit Sweep Products

In the event there is insufficient availability of Program Banks to fully allocate your balances, there is a potential that your balance in these bank deposit sweep products may not be fully insured up to product limit of $2,500,000 in FDIC insurance coverage. In the event the Program Banks cannot accept any additional deposits, the sweep feature on your Account may be updated to prevent any further sweep deposits from your Account. If this occurs, an available cash balance in your Account would no longer be automatically invested and would remain a free credit balance in your Account.

Important Features of Choice FDIC Eligible Bank Deposit Sweep Products Effective 02/08/21:

Secondary Sweep Option
Once your balance reaches the current Product Deposit Limit of $2,490,000, Pershing, as your agent, will automatically sweep any additional free credit balance over that amount (“Excess Balance”) from your Account into the secondary sweep option selected by your IBD or your Investment Professional. If your IBD or Investment Professional has not selected a secondary sweep option on your account, any Excess Balance will be swept into a default money market mutual fund (“Money Fund”). The default Money Funds used as the secondary sweep option for most bank deposit sweep products are currently the Dreyfus Government Cash Management Service Shares (Ticker symbol DGUXX) and the Dreyfus Government Cash Management Investor Shares money fund (Ticker symbol DGVXX). Please see of this Disclosure Statement titled “Money Fund Features” for additional information on the default secondary sweep option.

Negative Interest Rates
In response to certain extraordinary economic conditions, some foreign countries have implemented a negative interest rate policy to stabilize their economies. Under such a policy, a central bank charges banks a fee to hold reserves, and, as a result, the banks then charge depositors a fee to maintain their deposits. Historically, the U.S. has not adopted policies resulting in banks having to charge fees to maintain deposits held through bank deposit sweep products. In such an event, a fee would be charged for maintaining your deposits at Program Banks through a bank deposit sweep product. This fee would be in addition to fees received from Program Banks for their participation. Any fees related to negative interest rates would be applied to your balance on a monthly basis for the duration of the negative interest rate period. If applicable, this fee will appear on your periodic Account statement.

ADDITIONAL DISCLOSURES
Balances in most bank deposit sweep products are eligible for FDIC insurance coverage and therefore not protected by the Securities Investor Protection Corporation (“SIPC”). Balances held by each bank participating in FDIC eligible bank deposit sweep products constitutes a direct obligation of the respective Program Bank and is not directly or indirectly an obligation of Pershing, your IBD or your investment professional. An investment in a Money Fund is not insured or guaranteed by the FDIC or any other government agency but is included with SIPC coverage. Although Money Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investment in a Money Fund.

For additional information on any Money Fund, including investment objectives, risks, charges, and expenses, please consult the Money Fund's prospectus. Contact your financial organization for the Money Fund prospectus and read it carefully before investing.

The Money Market Mutual Fund and FDIC Eligible Bank Deposit Sweep Product Rates expressed herein above as "Seven-Day Yield" and "Interest Rate" are provided to Pershing electronically on a daily basis by each of the above-identified participating Money Market Mutual Fund or FDIC Eligible Bank Sweep Product providers. Pershing does not verify or guarantee the accuracy of this electronically transmitted rate information. With respect to Money Funds, please refer to the applicable Money Fund prospectus. With respect to FDIC Eligible Bank Sweep Product rates, please refer to the applicable Terms and Conditions disclosure document. Please consult with your financial organization, which will provide you with the necessary information for you to make an investment decision concerning your available cash pending further commitment. Pershing is not responsible for any investment decision you make.

MONEY FUND AND BANK DEPOSIT SWEEP PRODUCT FEES AND REVENUE SHARING

Money Fund and FDIC eligible bank deposit sweep product processing fees and revenue sharing arrangements are a source of revenue for Pershing and, where applicable, a source of revenue for your IBD. For the Money Funds supported on its sweep platform that Pershing makes available to all IBD clients, Pershing receives remuneration paid out of the total operating expenses of the Money Fund, some of which include SEC Rule 12b-1 fees. For FDIC eligible bank deposit sweep products available to all IBD clients Pershing receives remuneration out of the interest paid by IDIs. In addition, Pershing receives fees for providing access to its platform from Money Fund and bank deposit sweep product providers. These fees are typically paid according to an asset-based formula. In certain circumstances, Pershing shares these fees. If your IBD selects a sweep product that is available to all clients, in most cases some of the fees Pershing receives from the Money Fund and bank deposit sweep product providers will be shared with your IBD. Pershing relies on third party service providers to support the bank deposit sweep products available to all clients and Pershing and the service providers receive fees to support those products. The combined fees on the FDIC eligible bank deposit sweep products available to all clients received by all parties including Pershing, the third-party service providers, and the IBD (if applicable) may not exceed 4%, or 400 basis points, on the average daily balances held in the sweep product at the IDIs. A portion of Pershing’s fees are applied against costs associated with providing services, including maintaining cash sweep systems, sub-accounting services, dividend and interest calculations and posting, accounting, reconciliation, client statement preparation and mailing, tax statement preparation and mailing, marketing and distribution-related support and other services.

Additional Revenue Sharing with Affiliates

The Dreyfus Insured Deposits products, which are FDIC eligible bank deposit sweep products supported by Pershing that may be offered to you by your IBD and/or Investment Adviser, operate through a private labeling arrangement with the Dreyfus Cash Solutions, a division of BNY Mellon Securities Corporation (“BNYMSC”). The Bank of New York Mellon (“BNYM”) is a NY state-chartered bank and BNY Mellon, National Association (“BNY Mellon, N.A.”) is a national banking association. Both may participate in the Dreyfus Insured Deposits products by accepting customer funds into Deposit Accounts. Pershing has appointed third party service providers and Dreyfus Cash Solutions to provide certain services with respect to the operation of these products. BNYMSC is a registered investment adviser and broker-dealer, and a subsidiary of BNY Mellon Investment Adviser, Inc. (“Adviser”). BNYMSC, the Adviser, BNYM and BNY Mellon, N.A. are BNY Mellon companies. BNY Mellon is the corporate brand for The Bank of New York Mellon Corporation. It is important to note that Pershing, the third-party service provider, BNYMSC, Adviser and your IBD are non-bank entities and are not FDIC members. Pershing, Pershing Advisor Solutions, the Adviser and BNYMSC earn fees (which may or may not be account-based) based on the amount of money in the Dreyfus Insured Deposits bank deposit sweep products. Pershing and Pershing Advisor Solutions may earn a higher fee on balances in any of the FDIC eligible bank deposit sweep products supported on the platform than in other money market products, such as Money Funds. Pershing, in its sole discretion, may share a portion of fees it earns from the support of the Dreyfus Insured Deposits bank deposit sweep products with your IBD in which case your financial organization would earn fees on balances in these products which may be higher than fees earned on other money market products, such as Money Funds. Your IBD, Pershing, Pershing Advisor Solutions, the Adviser and BNYMSC may be affiliated with one or more Program Banks. BNYM and BNY Mellon, N.A., in their role as participating banks, will realize an economic benefit from any Dreyfus Insured Deposits bank deposit sweep product balances allocated to them. The Program Banks, including BNYM and BNY Mellon, N.A., do not have a duty to offer the highest rates available or rates that are comparable to Money Funds or those offered by other depository institutions. If you desire to maintain a large cash position in your Account custodied by Pershing for other than a short period of time, you should contact your IBD or Investment Adviser to discuss your options.

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