![]() As with other money market mutual funds, the Fund’s yield will fluctuate, the Fund is not FDIC insured, and may lose value. **Investors should carefully consider the investment objectives, risks, charges and expenses of mutual funds before investing. Current information is available on the Fund’s Fact Sheet. 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. Get unlimited funds transfers between checking account (s) and your line of credit. Gain greater visibility into available operating capital. Minimize borrowing and interest expenses while efficiently managing your line of credit. 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.* Benefits Automate your cash management decisions. 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. Topics I am an Individual I am a Professional.Health Care Flexible Spending Accounts (FSAs).Health Reimbursement Arrangements (HRAs).Employer-sponsored Health Saving Account (HSA).Retirement Services Portal (for Business Professionals).MAP-Custody Services Portal (for Financial Professionals).
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