1 SVB Cash Sweep is a product of Silicon Valley Bank, a division of First-Citizens Bank & Trust Company. Through the Cash Sweep program, excess funds in your savings account are invested in money market funds. Additional terms and conditions apply. For more information, please refer to SVB’s Cash Sweep Program Account Agreement. Investors in money market funds should carefully consider the information contained in the fund’s prospectus, including its investment objective, risks, charges and expenses. Prospectuses are available by clicking on a particular fund company at www.svb.com/cash-sweet or by calling your Relationship Advisor. Please read the prospectus carefully before investing. Shares of money market funds are not deposits within the meaning of 12 USC § 1813(l) and are not insured by the FDIC. Although money market funds seek to preserve the value of your investment at $1.00 a share, it is possible to lose money by investing in a money market fund.
2 Money market accounts are interest-bearing accounts unless otherwise specified. Interest rates and annual percentage yield (APY) (if applicable) are disclosed on the Money Market Account Rate Sheet issued at or prior to account opening. Rates are volatile and may change at any time before or after account opening. To earn the disclosed Annual Percentage Yield (APY) or interest rate, you must deposit and maintain a balance for each MMA product tier. Fees may apply for each month your balance is below the disclosed minimum balance. Interest is calculated daily and credited to your account monthly. Fees may reduce your account’s earnings. Please refer to SVB’s Deposit Agreement and Disclosure Statement – Business Accounts for current MMA products, rates and tiers. Or contact Client Services at 1-800-774-7390.
Please see our price list for more details. A fee schedule is available upon request from your SVB Relationship Manager or Relationship Advisor.
Investing in money market funds:
Not insured by the FDIC or any other federal agency.
Guaranteed by a bank; May lose value; Subject to investment risks, including possible loss of principal invested;
3 Insured Cash Sweet and ICS are registered service marks of IntraFi Network LLC.
4 Deposits through ICS are subject to the terms, conditions, and disclosures of the applicable agreement. Deposits may be deposited in increments not to exceed the FDIC Standard Maximum Deposit Insurance Amount (“SMDIA”) at any destination bank, but the depositor’s balance at the depositing institution may exceed the SMDIA (e.g. before or after payment). settlement of withdrawals) or uninsured (if the issuing institution is not an insured bank). Depositors should make the necessary arrangements to protect such balances in accordance with applicable law and should determine whether deposits made through ICS satisfy any restrictions on deposits. A list identifying IntraFi Network banks can be found at https://www.intrafi.com/network-banks. Depositors can exclude banks from being eligible to receive their funds. Funds will be swept based on trigger events set out in the IntraFi Deposit Placement Agreement between SVB and the depositor.
5 This material, including but not limited to statistical information, is provided for informational purposes only. This material is based in part on information from third-party sources believed to be reliable, but has not been independently verified by us and we do not represent that the information is accurate or complete. I don’t. This information should not be considered tax, investment, legal, or other advice and should not be relied upon when making investment or other decisions. Appropriate and specific professional advice should be obtained before making any investment decisions. Nothing related to this material should be construed as a solicitation, offer, or recommendation to acquire or dispose of any investments or to participate in any other transaction.
This material, its contents, or any copies thereof may not be modified, copied, transmitted, or distributed in any way to any other party without the express prior written permission of SVB Asset Management .
SVB Asset Management is an investment advisor registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply approval by the SEC of an investment advisor’s skills or expertise. Further, registration does not imply that a registered advisor has achieved any level of skill, competency, sophistication, expertise, or training in providing advisory services to clients. For institutional purposes only.
For a Global Investment Performance Standards (GIPS®) composite report on SVB Asset Management’s strategies, click here or email the Liquidity Account Management team at liquidityaccountmanagement@svb.com.
© 2024 First-Citizens Bank & Trust Company. SVB Asset Management is a wholly-owned non-banking subsidiary of Silicon Valley Bank, a division of First-Citizens Bank & Trust Company.
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