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Volatility in the stock and bond markets has created the need for a portfolio stabilizer. This need is even more acute for investors at the front edge of the demographic wave of retiring Baby Boomers, whose needs are shifting from the long-term accumulation of capital to the preservation of capital for retirement and other objectives. Today’s investors are focused on how their cash is being employed and if it is working as hard as it can, whether that means accessing FDIC-insured deposit accounts or alternative registered accounts that are not FDIC-insured but offer higher current yields.
Through Pershing’s Cash Management Choice Platform, you have the ability to better address cash management needs by enabling idle cash to earn dividends or interest. The Dreyfus money market funds and FDIC-insured bank deposit options listed below offer your clients a wide array of choices to best suit their needs and risk tolerance.
PERSHING SWEEP ID
|Dreyfus Insured Deposits A||DIDA||2:30 PM|
|Dreyfus Insured Deposits B||DIDB||2:30 PM|
|Dreyfus Insured Deposits C||DIDC||2:30 PM|
|Dreyfus Insured Deposits D||DIDD||2:30 PM|
|Dreyfus Insured Deposits E||DIDE||2:30 PM|
|Dreyfus Insured Deposits I||DIDI||2:|
|Taxable Money Market Commentary||Download||Share||Subscribe||Order|
|Tax-Exempt Money Market Commentary||Download||Share||Subscribe||Order|
|DID Terms and Conditions for Tiered Rate Program||Download||Share||Subscribe||Order|
|DID Terms and Conditions for Single Rate Program||Download||Share||Subscribe||Order|
|Effectively Managing Money Market Fund Assets||Download||Share||Subscribe||Order|
Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. Download a prospectus that contains this and other information about the fund, and read it carefully before investing.
For further information on the Dreyfus Insured Deposit Program terms and conditions, please contact your Pershing Relationship Manager or your Dreyfus Sales Representative.
Dreyfus Insured Deposit Program is a bank deposit “sweep” program that can provide daily interest income and FDIC insurance on balances up to $2.5 million. Daily balances are swept into FDIC-insured accounts. A deposit in an FDIC-insured deposit program is not protected by the Securities Investor Protection Corporation (SIPC®). The Dreyfus Insured Deposit Program (the Program) is a product of Promontory Interfinancial Network LLC (Promontory), offered through a private labeling arrangement with the Dreyfus Cash Solutions division of BNY Mellon Securities Corporation (BNYMSC). Promontory is 40% owned by The Bank of New York Mellon Corporation and is an affiliate of Promontory Financial Group, a provider of regulatory consulting to banks, broker/dealers and other financial services firms. The Program is available to clients of broker/dealers who clear through Pershing, LLC (Pershing). BNYMSC and Pershing are subsidiaries of The Bank of New York Mellon Corporation.
Money Market Mutual Funds are not bank obligations and are not FDIC-insured. The Pershing Treasury Account and the Pershing Prime Money Market are not registered money market mutual funds. However, the accounts invest in registered money market mutual funds.
Each fund named above belongs in one of the two categories of money market funds listed below. Please review for important information relating to your fund.
Retail Prime and Tax-Exempt/Municipal Money Market Funds: You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time. Retail Prime and Tax-Exempt/Municipal funds include: General Money Market Fund, Inc., General AMT-Free Municipal Money Market Fund, General California Municipal Money Market Fund, General Municipal Money Market Fund, General New Jersey Municipal Money Market Fund, Inc, and General New York AMT-Free Municipal Money Market Fund.
Government/Treasury Money Market Funds: You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time. Government/Treasury funds include: General Government Securities Money Market Fund, General Treasury Securities Money Market Fund, Dreyfus Government Cash Management, Dreyfus Government Securities Cash Management, Dreyfus Treasury & Agency Cash Management, Dreyfus Treasury Securities Cash Management, Dreyfus Municipal Cash Management Plus, Dreyfus California AMT-Free Cash Management, and Dreyfus New York Municipal Cash Management
Although the fund's board has no current intention to impose a fee upon the sale of shares or temporarily suspend redemptions if the fund’s liquidity falls below certain levels, the board reserves the ability to do so after providing at least 60 days prior written notice to shareholders.
Municipal income may be subject to state and local taxes depending upon your state of residence. Income may also be treated as a preference item for purposes of the federal Alternative Minimum Tax.
Neither the market value of government securities nor the value of the fund’s shares is guaranteed.