Pershing Base Lending Rate - USD | Current Yield: 7.625%
Last Compile Date: 07/15/2022
Money Market Mutual Fund Yields
| Manager | Fund | 7-Day Yield | Initial Minimum Investment | External CUSIP | Ticker Symbol |
|---|---|---|---|---|---|
| INVESCO | INVESCO ST GOVT & AGENCY RSRCE | 1.28% | $ 500,000.00 | 825252869 | |
| INVESCO | INVESCO ST GOVT & AGENCY RSRV | 0.58% | $ 0.01 | 825252851 | |
| INVESCO | INVESCO ST GOVT & AGENCY PRVT | 1.14% | $ 100,000.00 | 825252877 | GPVXX |
| INVESCO | INVESCO ST TREAS OBLIG RESOURC | 1.04% | $ 500,000.00 | 825252810 | |
| INVESCO | INVESCO ST TREAS OBLIG RESERVE | 0.33% | $ 0.01 | 825252786 | |
| INVESCO | INVESCO TX FR CASH RESRV RESRC | 0.45% | $ 100,000.00 | 825252455 | |
| INVESCO | INVESCO TX FR CASH RESERVS RSV | 0.01% | $ 0.01 | 825252513 | |
| INVESCO | INVESCO TX FR CSH RSRVS PRIVAT | 0.36% | $ 100,000.00 | 825252471 | TRCXX |
| INVESCO | INVESCO ST TREASURY RESOURCE | 1.25% | $ 500,000.00 | 825252703 | |
| INVESCO | INVESCO ST TREASURY RESERVE | 0.54% | $ 0.01 | 825252836 | |
| INVESCO | INVESCO ST TREASURY PRIVATE | 1.11% | $ 100,000.00 | 825252109 | TPFXX |
| BLACKROCK | BLACKROCK LIQ FEDFUND ADMIN | 1.25% | $ 500,000.00 | 09248U445 | BLFXX |
| BLACKROCK | BLACKROCK LIQ FEDFUND DOLLAR | 1.10% | $ 100,000.00 | 09248U809 | TDDXX |
| BLACKROCK | BLACKROCK LIQ FEDFUND SELECT | 0.52% | $ 500.00 | 09248U494 | BFBXX |
| BLACKROCK | BLACKROCK LIQ FED TRUST ADMIN | 0.14% | $ 500,000.00 | 09248U411 | BFTXX |
| BLACKROCK | BLACKROCK LIQ FED TRUST DOLLAR | 0% | $ 100,000.00 | 09248U866 | TSDXX |
| BLACKROCK | BLACKROCK LIQ T-FUND ADMIN | 1.27% | $ 500,000.00 | 09248U676 | BTAXX |
| BLACKROCK | BLACKROCK LIQ T-FUND DOLLAR | 1.12% | $ 100,000.00 | 09248U692 | TFEXX |
| BLACKROCK | BLACKROCK LIQ T-FUND SELECT | 0.54% | $ 500.00 | 09250C812 | BSLXX |
| BLACKROCK | BLACKROCK LIQ TREAS TRST ADMIN | 1.15% | $ 500,000.00 | 09248U452 | BITXX |
| BLACKROCK | BLACKROCK LIQ TREAS TRST DOLLR | 1.04% | $ 100,000.00 | 09248U544 | TTDXX |
| BLACKROCK | BLACKROCK LIQ TREAS TRST SELCT | 0.42% | $ 500.00 | 09250C770 | TSLXX |
| FEDCAYMN | FEDERATED HERMES STD USD IS | 1.42% | $ 500,000.00 | G3402F115 | OFFSHR |
| FEDCAYMN | FEDERATED HERMES STD USD RET | 0.67% | $ 0.01 | G3402F149 | OFFSHR |
| FEDERATED | FEDERATED HERMES CA MUNI CAP | 0.53% | $ 500,000.00 | 608919502 | CCCXX |
| FEDERATED | FEDERATED HERMES CA MUNI CS | 0.01% | $ 0.01 | 608919403 | CCSXX |
| FEDERATED | FEDERATED HERMES CAP RESERVES | 0.79% | $ 0.01 | 608919304 | FRFXX |
| FEDERATED | FEDERATED HERMES GOVT RESERVES | 0.45% | $ 0.01 | 608919205 | GRFXX |
| FEDERATED | FEDERATED HERMES MUNI OBLIG CS | 0.01% | $ 0.01 | 608919650 | MFSXX |
| FEDERATED | FEDERATED HERMES NY MUNI CS | 0.01% | $ 0.01 | 608919866 | FNCXX |
| FEDERATED | FEDERATED HERMES GOVT OBL CAP | 1.29% | $ 500,000.00 | 608919809 | GOCXX |
| FEDERATED | FEDERATED HERMES GOVT OBLIG SS | 1.16% | $ 100,000.00 | 60934N807 | GOSXX |
| FEDERATED | FEDERATED HERMES GOV TAX MG SS | 0.94% | $ 100,000.00 | 60934N849 | GTSXX |
| FEDERATED | FEDERATED HERMES MUNI OBL CAP | 0.65% | $ 500,000.00 | 60934N633 | MFCXX |
| FEDERATED | FEDERATED HERMES MUNI OBLIG SS | 0.50% | $ 100,000.00 | 60934N641 | MOSXX |
| FEDERATED | FEDERATED HERMES NY MUNI WS | 0.45% | $ 500,000.00 | 608919858 | NISXX |
| FEDERATED | FEDERATED HERMES PRIME CSH CAP | 1.41% | $ 500,000.00 | 60934N591 | PCCXX |
| FEDERATED | FEDERATED HERMES PRIME CASH SS | 1.26% | $ 100,000.00 | 60934N617 | PRCXX |
| FEDERATED | PERSHING GOVERNMENT ACCOUNT | 0.45% | $ 0.01 | 608919205 | GRFXX |
| FEDERATED | PERSHING PRIME RESERVES | 0.79% | $ 0.01 | 608919304 | FRFXX |
| FEDERATED | FEDERATED HERMES TAX-FREE SS | 0.33% | $ 100,000.00 | 60934N880 | TBSXX |
| FEDERATED | FEDERATED HERMES TREAS OBL CAP | 1.31% | $ 500,000.00 | 60934N823 | TOCXX |
| FEDERATED | FEDERATED HERMES TREASRY OB SS | 1.16% | $ 100,000.00 | 60934N872 | TOSXX |
| FEDERATED | FEDERATED HERMES TR US TRSY CS | 0.45% | $ 0.01 | 608919569 | TCSXX |
| FEDERATED | FEDERATED HERMES US TREASRY SS | 0.93% | $ 100,000.00 | 60934N674 | TISXX |
| GOLDMAN SACH | GOLDMAN SACHS FS FED FND ADMIN | 0.94% | $ 100,000.00 | 38148U684 | FIOXX |
| GOLDMAN SACH | GOLDMAN SACHS FS FED FUND CMS | 0.39% | $ 500.00 | 38148U668 | FIWXX |
| GOLDMAN SACH | GOLDMAN SACHS FS FED FUND PREF | 1.09% | $ 500,000.00 | 38148U650 | FIHXX |
| GOLDMAN SACH | GOLDMAN SACHS FSQ TREAS ADMIN | 1.17% | $ 100,000.00 | 38142B872 | FVAXX |
| GOLDMAN SACH | GOLDMAN SACHS FSQ TREASURY CM | 0.62% | $ 500.00 | 38145C752 | GFCXX |
| GOLDMAN SACH | GOLDMAN SACHS FSQ TREASRY PRFD | 1.32% | $ 500,000.00 | 38142B856 | GPFXX |
| GOLDMAN SACH | GOLDMAN SACHS FSQ GOVT ADMIN | 1.17% | $ 1,000,000.00 | 38141W265 | FOAXX |
| GOLDMAN SACH | GOLDMAN SACHS FSQ GOVT CMS | 0.62% | $ 500.00 | 38145C828 | GVCXX |
| GOLDMAN SACH | GOLDMAN SACHS FSQ GOVT PRFRD | 1.32% | $ 500,000.00 | 38141W240 | GPGXX |
| GOLDMAN SACH | GOLDMAN SACHS INV MMKT ADMIN | 1.28% | $ 100,000.00 | 38148U569 | FMKXX |
| GOLDMAN SACH | GOLDMAN SACHS INV MMKT CMS | 0.73% | $ 500.00 | 38148U320 | FHMXX |
| GOLDMAN SACH | GOLDMAN SACHS INV TAX EX ADMIN | 0.32% | $ 100,000.00 | 38141W174 | FEAXX |
| GOLDMAN SACH | GOLDMAN SACHS INV TX EX CMS | 0.01% | $ 500.00 | 38145C687 | GXCXX |
| GOLDMAN SACH | GOLDMAN SACHS INV TX EX PRFRD | 0.47% | $ 500,000.00 | 38141W158 | GPTXX |
| GOLDMAN SACH | GOLDMAN SACHS FSQ TR INS ADMIN | 0.96% | $ 100,000.00 | 38142B609 | FRAXX |
| GOLDMAN SACH | GOLDMAN SACHS FSQ TR INS CMS | 0.41% | $ 500.00 | 38145C729 | GICXX |
| GOLDMAN SACH | GOLDMAN SACHS FSQ TR INS PRFRD | 1.11% | $ 500,000.00 | 38142B807 | GPIXX |
| GOLDMAN SACH | GOLDMAN SACHS FSQ TR OBL ADMIN | 1.18% | $ 1,000,000.00 | 38141W315 | FGAXX |
| GOLDMAN SACH | GOLDMAN SACHS FSQ TR OBL CMS | 0.63% | $ 500.00 | 38145C786 | GTOXX |
| GOLDMAN SACH | GOLDMAN SACHS FSQ TR OBL PRFRD | 1.33% | $ 500,000.00 | 38141W281 | GPOXX |
| DREYFUS | DREYFUS GOVT CASH MNGT SERV SH | 0.60% | $ 0.01 | 262006836 | DGUXX |
| DREYFUS | DREYFUS GOVT CASH MNGT WEALTH | 1.15% | $ 100,000.00 | 262006844 | DGQXX |
| DREYFUS | DREYFUS GOVT CASH MT ADMIN SH | 1.30% | $ 500,000.00 | 262006406 | DAGXX |
| DREYFUS | DREYFUS GOVT CASH MNGT INV SH | 1.15% | $ 100,000.00 | 262006307 | DGVXX |
| DREYFUS | DREYFUS GOVT SEC CASH MGT ADMN | 1.05% | $ 500,000.00 | 262006802 | DAPXX |
| DREYFUS | DREYFUS GOVT SEC CSH MGT INV | 0.90% | $ 100,000.00 | 262006703 | DVPXX |
| DREYFUS | DREYFUS NATIONAL MUNI WEALTH | 0.36% | $ 100,000.00 | 37045H101 | GTMXX |
| DREYFUS | DREYFUS NY MUNI MNY MKT WEALTH | 0.16% | $ 100,000.00 | 370456105 | GNMXX |
| DREYFUS | DREYFUS TREAS OBLIG CM ADMIN | 1.30% | $ 500,000.00 | 261908305 | DTAXX |
| DREYFUS | DREYFUS TREAS OBLIG CM INVEST | 1.15% | $ 100,000.00 | 261908206 | DTVXX |
| DREYFUS | DREYFUS TREAS OBLIG CM SERVICE | 0.60% | $ 0.01 | 261908875 | DTNXX |
| DREYFUS | DREYFUS TREAS OBLIG CM WEALTH | 1.15% | $ 100,000.00 | 261908883 | DTKXX |
| DREYFUS | DREYFUS TREAS SEC CSH ADM SHS | 0.99% | $ 500,000.00 | 261941306 | DARXX |
| DREYFUS | DREYFUS TRES SEC CSH MGMT INV | 0.84% | $ 100,000.00 | 261941207 | DVRXX |
| DREYFUS | DREYFUS TREAS SEC CM SERVICE | 0.29% | $ 0.01 | 261941702 | DTHXX |
| DREYFUS | DREYFUS TREAS SEC CM WEALTH SH | 0.01% | $ 100,000.00 | 261941603 | DTJXX |
| DREYFUS | DREYFUS MNY MKT FUND SERVICE | 0.72% | $ 0.01 | 370375206 | GMBXX |
| DREYFUS | DREYFUS NATIONAL MUNI SERVICE | 0.01% | $ 0.01 | 37045H200 | GBMXX |
| DREYFUS | DREYFUS NY MUNI MMKT SERVICE | 0.01% | $ 0.01 | 370456204 | GNYXX |
| DREYFUS | PERSHING GOVT CASH MANAGEMENT | 0.60% | $ 0.01 | 262006836 | DGUXX |
| DREYFUS | PERSHING PRIME MONEY MARKET | 0.72% | $ 0.01 | 370375206 | GMBXX |
| DREYFUS | PERSHING TREASURY SECURITIES | 0.29% | $ 0.01 | 261941702 | DTHXX |
FDIC-Insured Bank Deposit Sweep Programs - Single Rate Product Rates*
| Manager | Bank Program | Interest Rate | Initial Minimum Investment |
|---|---|---|---|
| DIDFDIC | DREYFUS INS DEPOSIT PROGRAM I | 0.41% | $ 0.01 |
| REICH & TANG | LIQUID INSURED DEPOSITS | 0.40% | $ 0.01 |
- Liquid Insured Deposit Program - List of banks that participate in the FDIC sweep program[PDF]
- Dreyfus Insured Deposit Program - List of banks that participate in the FDIC sweep program[PDF]
*Tiered rate 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.
Legacy FDIC-Insured Bank Deposit Sweep Programs
(No longer available to new clients)
- Interlink Insured Deposit Program- List of banks that participate in the FDIC sweep program[PDF]
- Insured Deposit Program- List of banks that participate in the FDIC sweep program[PDF]
Risks of FDIC-Insured 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 products may not be fully insured up to $2,500,000. 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.
Additions to Choice FDIC-Insured Bank Deposit Sweep Product Disclosures Effective 02/08/21:
Secondary Sweep Option
Once your balance reaches the current Program 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 the Program 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 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 the 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 FDIC-Insured Bank Deposit Sweep Programs - Single Rate Product Rates*
*A tiered rate product is also available, which has rates that vary between investors. These two bank deposit sweep products are specific to certain pricing arrangements selected by an Introducing Broker Dealer or Investment Adviser. Rates are displayed on customer statements and available through your Introducing Broker Dealer or Investment Adviser.
An investment in a FDIC-InsuredDeposit Program is protected by FDIC insuranceand therefore not protected by Securities Investor Protection Corporation (SIPC). An investment in a money market mutualfund is not insured or guaranteed by the Federal Deposit Insured Corporation or any other government agency but is protected by Securities Investor Protection Corporation (SIPC). Although the funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investment in the fund.
For additional information on any fund, including investment objectives, risks, charges, and expenses, please consult the fund's prospectus. Contact your financial organization for the fund prospectus and read it carefully before investing.
The Money Market Mutual Fund and FDIC-Insured Deposits Program Rates expressed herein above as "Seven-Day Yield" and "Interest Rate" are provided to Pershing LLC electronically on a daily basis by each of the above-identified participating Money Market Mutual Fund or FDIC-Insured Deposits Program managers. Pershing LLC does not establish the interest rate applicable to determining the Seven-Day Yield. The applicable interest rate resulting in such yields is determined solely by each of the identified institutions. Pershing LLC does not verify or guarantee the accuracy of this electronically transmitted rate information. With respect to Money Market Mutual Funds, please refer to the applicable fund prospectus. With respect to FDIC-Insured Deposits Program 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 LLC is not responsible for any investment decision you make.
MONEY FUND AND BANK DEPOSIT PROGRAM FEES AND REVENUE SHARING
Money fund and bank deposit program sweep processing fees and revenue sharing arrangements are a source of revenue for Pershing and, where applicable, a source of revenue for your introducing broker dealer. For money funds supported on its sweep platform, Pershing receives remuneration paid out of the total operating expenses of the fund, some of which include SEC Rule 12b-1 fees. If your introducing broker dealer selects a sweep product that pays Pershing remuneration, some of the fees Pershing receives from the money fund and bank deposit providers will be shared with your introducing broker dealer. In addition, Pershing receives fees for providing access to its platform from money market funds and bank deposit program providers. These fees are typically paid according to an asset-based formula. In certain circ*mstances, Pershing shares these fees. 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 Deposit Program, which is one of the providers of FDIC insured bank deposit sweep products supported by Pershing and may be offered to you by your Introducing Broker Dealer and Investment Adviser, operates through a private labeling arrangement with the Dreyfus Cash Solutions, a division of BNY Mellon Securities Corporation (BNYMSC). Pershing has appointed Dreyfus Cash Solutions to provide certain services with respect to the operation of the Program. BNYMSC is a registered investment adviser and broker-dealer, and a subsidiary of BNY Mellon Investment Adviser, Inc. (BNYMIA). BNYMSC, BNYMIA and BNY Mellon, N.A. are BNY Mellon companies. BNY Mellon is the corporate brand for The Bank of New York Mellon Corporation. Pershing, Pershing Advisor Solutions, and BNYMSC earn fees (which may or may not be account-based) based on the amount of money in the Dreyfus Insured Deposit Program. Pershing and Pershing Advisor Solutions may earn a higher fee on balances in any of the FDIC-insured bank deposit sweep programs (Programs) supported on the platform than in other money market products, such as money market mutual funds (Money Funds). Pershing, in its sole discretion, may share a portion of fees it earns from the support of these Programs with your Introducing Broker Dealer in which case your financial organization would earn fees on balances in these Programs which may be higher than fees earned on other money market products, such as Money Funds. Your Introducing Broker Dealer, Pershing, Pershing Advisor Solutions and BNYMSC may be affiliated with one or more Program Banks. BNY Mellon, N.A., in their role as a bank participating in Programs, will realize an economic benefit from any Program balances allocated to it. The Program Banks, including 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 Introducing Broker Dealer or Investment Adviser to discuss your options.
