![]() ![]() Investors may also obtain current information by viewing 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. ![]() 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. 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.* 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.
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