Funds Plus / Overnight
Rate Indication for: Thursday, July 29, 2010
| Tier I |
($10,000,000+) |
0.23% |
| Tier II |
($5,000,000 - $9,999,999) |
0.18% |
| Tier III |
($1,000,000 - $4,999,999) |
0.13% |
| Tier IV |
($1,000 - $999,999) |
0.08% |
|
| MIA |
|
0.08% |
| Transaction Acount |
|
0.05% |
Funds Plus is Southeast Corporate's overnight account option for portfolio managers who wish to maximize their income. With Funds Plus, you have the ability to transfer balances from the Transaction Account daily for a premium return on your liquid funds. The Funds Plus account acts much like an overnight certificate, maturing into the Transaction Account on the following day. A $1,000 minimum balance applies. Dividends are paid daily.
Funds Plus is our highest yielding overnight account. Rates paid on the Funds Plus Account vary depending on the total dollars in the account. This tiered structure is designed to pay different rates based on the account balances of 1 million, 5 million, or 10 million dollars.
The yield on Funds Plus can be optimized by using Member$MART. Called in investments are available, but the rate is discounted by 1 basis point vs. using Member$MART. Daily transfers to the Funds Plus account will be allowed until 3:00 p.m. EST.
Rates are indications only, and are subject to change with market conditions. Please call the Investment Department at (800) 342-0203, option 2 for current rates. Certificate rates are available between 8:30 a.m. and 5:00 p.m. EST.
