Money Market Funds
(Cash Management)
Manage Your Money With Convenience & Flexibility
Open an Advantage Account and find out how convenient it is to manage all your financial needs. The all-in-one Advantage Account offers investors a financial solution combining the power of your brokerage account with the options of check writing, an optional Gold Visa® check card*, and margin account borrowing**. The Advantage Account provides you with the opportunity for competitive returns, along with many of the convenient features of banking, while never allowing your money to sit idle.
An Advantage Account enables you to automatically sweep your available free credit balance from your brokerage account into a money market mutual fund. That keeps all of your money working hard for you all of the time. Open a City Advantage Account and you can enjoy these features and services:
· Checkwriting*
· Optional Gold Visa Check Card*Classic Check Card
· Year-End Summary Statement
· Margin Link to your Brokerage Account
· Direct Deposit
· Systematic Withdrawal
* There is a $20.00 fee for insufficient funds.
Three Money Market Funds to Help Meet Your Needs
The Advantage Account offers you a choice of taxable and tax-free money market mutual funds managed by subsidiaries of Federated Investors. Federated is one of the top 10 mutual fund companies in the United States,*** managing more than $355 billion in money market mutual fund assets alone. The company is ranked among the top 2% of money fund managers, based on assets under management.*
Prime Cash Series
A portfolio of high quality securities for the investor seeking a higher level of current income than typically available from a fund investing in government securities.
Treasury Cash Series
A portfolio of the highest quality money market securities offering an extra degree of safety for the conservative investor seeking current income.
Municipal Cash Series
A portfolio of tax-free securities for the tax-sensitive investor.**
For additional information please clicks the links below to read the prospectus:
· Advantage Prime Cash Series Prospectus
Advantage Treasury Cash Series Prospectus
Advantage Municipal Cash Series Prospectus
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If you would like to open an Advantage Account, please contact us or your Financial Advisor.
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· An investment in money market funds is neither insured nor guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any bank or government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the funds. Money market mutual funds are offered by prospectus only. Please read it carefully (see link above) before you invest or send money.
*For an annual fee you can access the funds in your money market account with a Gold Visa® check card which works as a debit card and you can purchase goods and services or make cash withdrawals.
**Contact your Financial Advisor for more information on margin strategy including the associated risks. Borrowing on margin and using stocks as collateral involves a high degree of risk. Market conditions can magnify any potential for loss. If the market turns against the investor, they will be required to deposit additional securities and/or cash in the account. The securities in the account may be sold to meet the margin call, and the firm can sell the investor's securities without contacting the investor. The interest rates charged are determined by the value of the cash and securities in the account prior to initiating the loan. When opening a margin link account, please be sure to read the Margin Disclosure Statement.
***Strategic Insight, as of 2/28/09.
****Income generated by tax-free funds may be subject to the federal alternative minimum tax and, in some cases, state and local taxes.