In today’s tremendously turbulent economy, many investors continue managing portfolios defensively, emphasizing liquidity and capital preservation rather than seeking returns that present any degree of downside risk. With cash awaiting reinvestment, investors with larger cash balances need a different approach. Evolve Bank & Trust offers these investors a unique cash strategy investment option to protect their entire multi-million dollar deposits through the Insured Deposit Program. The Insured Deposit Program ("IDP") is one of the most prudent cash management programs for high net worth individuals, financial institutions, corporations, trusts, and municipalities, to benefit from leveraging Federal Deposit Insurance Corporation ("FDIC") pass-through insurance coverage. |
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| The IDP offers a variety of features and benefits including: | |
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| Comparable Current Rates | ||
|---|---|---|
| Investment Product | FDIC Insured | View Funds |
| Evolve Insured Deposit Program | Yes | 0.15% |
| Forward US Govt Money Fund/Instit | No | 0.05% |
| Lord Abbett US Govt & Govt SE MMF/A | No | 0.02% |
| Payden Cash Reserves MMF | No | 0.02% |
| First Amer Govt Oblig/Cl A | No | 0.02% |
| Schwab US Treasury Money Fund | No | 0.01% |
| Schwab Govt Money Fund | No | 0.01% |
| Vanguard Admiral Treasury MMF | No | 0.01% |
| Edward Jones MMF/Inv Class | No | 0.01% |
| Fidelity US Treasury MMF | No | 0.01% |
| Wells Fargo Adv Govt MMF/Svc | No | 0.01% |
| As of 6/19/12 :: Source: www.imoneynet.com | ||