Cash Investment Account is an automated “sweep” account that invests excess collected balances into a specially designated interest-bearing account. The “swept” funds will be invested in your choice of a fully taxable, federal tax free, or state tax free fund. A prospectus describing each fund will be provided to you upon request. An investment in any of the funds, however, is not a deposit or other obligation of F&M. It is neither insured nor guaranteed by the U. S. Government, the FDIC, or any other agency. The fund’s shares involve certain investment risks, including the possible loss of principal.
Benefits
- Automated Cash Management
- Daily Liquidity – Daily purchases or redemptions
- Choice of fully taxable, federal tax free, or state tax free fund
- Provides additional Monthly Investment Income
- Monthly Statement of Account
- Competitive Rate of Return
For more information, call (918) 748-4185.