 |
 |
|
|
Current Rate *.34% per annum
AS OF 9/5/2010
|
 |
|
 |
|
|
 |
|
|
|
|
|
|
|
|
 |
 |
| How does the Insured Cash Shelter Account Work? |
- Each individual investor maintains a single account. Through this account all investor funds are electronically linked to money market deposit account & certificate of deposits at various ‘well-capitalized’, FDIC-Insured banks and savings institutions.
- Each investor allocation at each participating bank stays below the FDIC insurance limit, currently $250,000 for each category of legal ownership.
- Any funds in excess of the $250,000 limit are automatically transferred to another participating bank or savings institution. Through the use of proprietary technology, the Account is able to assign deposits to specific banks on a nightly basis to fit within the FDIC insurance coverage requirements. At any time, an investor can request to remove a participating bank in order to avoid exceeding the FDIC insurance limits if an investor has other funds outside ICSA at that bank.
- Interest will accrue from the date that funds are deposited with a participating bank, through the day before the day of withdrawal. Interest will be compounded monthly and credited to your account at the end of each month.
|
 |
|
 |
|
|
| |
|
|
 |
|
Additional Insured Cash Shelter Account options available for Qualified Purchasers.
For additional information please contact your Financial Advisor or call 866.264.8783.
* Indicative rates and deposit caps may change without notice due to changes in market or business conditions. Historic rates are no guarantee of future performance. Indicative rate and rates to specific customers may vary.
The Insured Cash Shelter Account is not a mutual fund or insured by the SIPC. Funds in the Insured Cash Shelter Account are FDIC insured upon deposit at a participating bank upon direction from program administrator, Institutional Deposits Corp.
Before investing, please read the Terms and Conditions relating to the ICSA program for more complete information and the governing terms of the account (including liquidity, fees, terms, etc), which are available at this website.
The Insured Cash Shelter Account is offered by USA Mutuals Partners and is not owned or operated by USA Mutuals Family of Funds. |