Funds Advantage Overnight

The Funds Advantage Account is Corporate America's overnight account option for portfolio managers who wish to maximize their income. With Funds Advantage, you have the ability to transfer excess funds from the Corporate Account daily, for a premium return on your liquid funds. No minimum balance applies. This tiered structure pays different rates based on the account balance with tiers set at $1 million, $5 million, $10 million and $20 million dollars. Daily transfers to the Funds Advantage Account are allowed until 4:00 pm CST. Dividends are accrued daily and paid monthly.

For more information, please contact Corporate America at (205) 313-4300 or (800) 292-6242.

Terms of Account:
Account Number: S016
Description:   The Funds Advantage Account is a tiered rate structured overnight investment account. Members have the ability to transfer excess funds from their Corporate Funds Account daily, for a premium return on liquid funds. No minimum balance applies. Funds can be transferred to and from this account until 4:00 pm CT each business day.
Dividend Payment:  Dividends are set and accrued daily, paid and posted to the S010 account on the last business day of the month.
Dividend Calculation:  Dividends are calculated on an actual/365 basis
Simple Formula:
1. Share Balance x Rate/365 = One Day’s Dividend
2. One Day’s Dividend x Number of Days = Accrued Dividend
Deposit Tiers:  $20,000,000 or more
$10,000,000 - $19,999,999
$5,000,000 - $9,999,999
$0 - $4,999,999