Money Market Mutual Fund & Eagle Bank Sweep Rate Comparison Chart

Eagle Sweep Disclosure (PDF)
As of May 28, 2017

Money Market Mutual Funds (Not FDIC Insured1)

Cash Sweep Option

Ticker Symbol
Initial Amount to Open
Fund Classification
7-Day Yield2
30-Day Yield2
Dreyfus General California Money Market
GCAXX $0.01 Retail3 0.05% 0.10%
Dreyfus Government Cash Management
DPGXX $50,000.00 N/A 0.30% 0.29%
Dreyfus Government Securities Cash
DGPXX $50,000.01 N/A 0.25% 0.22%
Dreyfus Treasury Securities Cash
DPRXX $50,000.01 N/A 0.22% 0.20%
Federated California Municipal Cash Trust II
CALXX $500.00 Retail3 0.17% 0.21%
Federated Connecticut Muni Cash Trust
CTCXX $0.01 Retail3 0.01% 0.01%
Federated Municipal Trust
MUTXX $0.01 Retail3 0.00% 0.02%
Federated New Jersey Municipal Cash Trust
NJCXX $0.01 Retail3 0.01% 0.02%
Federated New York Municipal Cash Trust II
NYCXX $500.00 Retail3 0.18% 0.20%

Cash Sweep Option

Ticker Symbol

Initial Amount to Open

Fund Classification

7-Day Yield2

30-Day Yield2

Dreyfus General California Money Market
GCAXX $0.01 Retail3 0.05% 0.10%
Dreyfus Government Cash Management
DPGXX $50,000.00 N/A 0.30% 0.29%
Dreyfus Government Securities Cash
DGPXX $50,000.01 N/A 0.25% 0.22%
Dreyfus Treasury Securities Cash
DPRXX $50,000.01 N/A 0.22% 0.20%
Federated California Municipal Cash Trust II
CALXX $500.00 Retail3 0.17% 0.21%
Federated Connecticut Muni Cash Trust
CTCXX $0.01 Retail3 0.01% 0.01%
Federated Municipal Trust
MUTXX $0.01 Retail3 0.00% 0.02%
Federated New Jersey Municipal Cash Trust
NJCXX $0.01 Retail3 0.01% 0.02%
Federated New York Municipal Cash Trust II
NYCXX $500.00 Retail3 0.18% 0.20%

Bank Sweep Deposit Products (FDIC Insured; Not covered by SIPC Insurance1)

Cash Sweep Option

Tier Eligibility Requirements
Interest Rate
Annual Percentage Yield
Eagle Sweep Tier 1 Held at First Republic Bank
Total Brokerage Account Assets of $0.00 to $1,000,000.00 0.01% 0.01%
Eagle Sweep Tier 2 Held at First Republic Bank
Total Brokerage Account Assets of $1,000,000.01 to $5,000,000.00 0.03% 0.03%
Eagle Sweep Tier 3 Held at First Republic Bank
Total Brokerage Account Assets of $5,000,000.01 or more 0.04% 0.04%

Cash Sweep Option

Tier Eligibility Requirements

Interest Rate

Annual Percentage Yield

Eagle Sweep Tier 1 Held at First Republic Bank
Total Brokerage Account Assets of $0.00 to $1,000,000.00 0.01% 0.01%
Eagle Sweep Tier 2 Held at First Republic Bank
Total Brokerage Account Assets of $1,000,000.01 to $5,000,000.00 0.03% 0.03%
Eagle Sweep Tier 3 Held at First Republic Bank
Total Brokerage Account Assets of $5,000,000.01 or more 0.04% 0.04%

Eagle Sweep is an FDIC-insured deposit Account opened and maintained by First Republic Securities Company’s (FRSC) Clearing Agent, Pershing, LLC, at FRSC’s affiliated bank First Republic Bank. The Interest Rate and Annual Percentage Yield (APY) of your Eagle Sweep is tiered by account size and may vary based upon the total assets in your brokerage account. Brokerage accounts with assets above a tier may earn a higher rate and APY on the balances in the Eagle Sweep than earned on brokerage accounts with smaller amounts of assets. Total brokerage account assets are assessed on a quarterly basis to determine tier eligibility.

APY of a bank deposit account is a rate based on monthly compounding of interest and assumes interest is not withdrawn from the deposit account and no change to the interest rate for one year. Note that the interest rate (and APY) may change at any time at the Bank's discretion without prior notice. The Bank uses the daily balance method to calculate interest on your deposit account, which applies a daily periodic rate to the principal in your deposit account each day. Interest accrues daily and is paid monthly. Amounts added to your Eagle Sweep earn interest the day that they are swept into Eagle Sweep.

If the ending amount of assets in your brokerage account at the end of the quarter is $1,000,000.00 or less, the interest rate paid on the entire deposit balance in your Eagle Sweep will be that of Eagle Sweep Tier 1.

If the ending amount of assets in your brokerage account at the end of the quarter is more than $1,000,000.01 but not more than $5,000,000.000 , the interest rate paid on the entire deposit balance in your Eagle Sweep will be that of Eagle Sweep Tier 2.

If the ending amount of assets in your brokerage account at the end of the quarter is more than $5,000,000.01 , the interest rate paid on the entire deposit balance in your Eagle Sweep will be that of Eagle Sweep Tier 3.

Eagle Sweep is not eligible for insurance through the Securities Investor Protection Corporation (SIPC).



1 FDIC insurance and SIPC protection is subject to applicable limitations per account. Please contact your Portfolio Manager for details. You may also visit the FDIC’s website for information at www.fdic.gov. Funds are protected by SIPC until the time that funds are deposited with First Republic Bank. Upon deposit at First Republic Bank through Eagle Sweep, your funds are eligible for FDIC insurance. SIPC does not protect against investment losses. For more information you may visit SIPC’s website at www.sipc.org .
2 Yields are for indication purposes only and are subject to fluctuations due to underlying investments in the fund and/or market conditions generally. They are based on a 365 day calculations.
3 Retail MMFs are only available to accounts in which all beneficial owners of the account’s assets are “natural persons.” Retail MMFs are subject to Liquidity Fees and Redemption Gates.

Member FINRA / SIPC

Rates on Eagle Sweep are negotiable at the initiative of the customer.

Eagle Sweep rates may be lower than rates paid by other banks or by First Republic Bank in other accounts. 

An investment in a money market mutual fund (MMF) is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. You can lose move by investing in a MMF. Although all the above MMFs seek to preserve the value of your investment at $1.00 per share, it cannot guarantee that it will continue to do so. The MMF sponsor has no legal obligation to provide financial support to the fund. 

Past performance does not guarantee future results. An investment in any of the above listed MMFs involves investment risks, including the possible loss of the principal amount invested. A Fund prospectus should be read and retained prior to investing. 

MMF shares are distributed by Dreyfus Service Corporation and Federated Investors. Dreyfus Service Corporate and Federated Investors are separate companies and not affiliated with First Republic Bank or FRSC. MMFs are not FDIC-insured, are not direct obligations of the United States Government, and are not deposits or other obligations of First Republic Bank or FRSC. Shares of the Dreyfus Money Market Funds and shares of the Federated Investors Money Market Funds are not endorsed, recommended or guaranteed by First Republic Bank or FRSC. FRSC may receive compensation from Dreyfus Service Corporation and Federated Investors.

Dreyfus Money Market Prospectuses are available at www.dreyfus.com or by calling 1-800-645-6561.

Federated Money Market Prospectuses are available at www.federatedinvestors.com or by calling 1-800-845-4770.