Baird’s Cash Sweep Program

Through Baird's Cash Sweep Program, Baird offers the opportunity for the first $250,000 of a client's cash balances to be automatically "swept" into an interest-bearing bank deposit account maintained at either CIBC or U.S. Bank. Clients with advisory IRA accounts and those with household account values of $250,000 or more may have some or all cash balances swept into taxable and tax-exempt money market mutual funds sponsored by The Dreyfus Corporation. This page offers more information, including frequent rate updates and prospectuses.

Any balances held in a bank deposit account or in shares of money market mutual funds may be liquidated at a client's request, and the proceeds will be returned to the client's account or remitted to the client.  Each account option offers easy access to funds through a Baird Financial Advisor. Interest and dividends paid on your securities at Baird can be deposited automatically into your cash sweep account. For additional information about Baird's Cash Sweep Program, please reference the Cash Sweep Program Disclosure or contact your Baird Financial Advisor.

Baird Cash Sweep Program Summary





Total Household AUM



Total
Household Cash Balance





Type of Deposit

Account Type

Brokerage
Accounts

Advisory Accounts

IRA/Qualified
Plan

Non-IRA

Under $250,000

n/a

Default

Insured Deposit Program (ID1)

GMG
(GMGXX)

Insured Deposit Program  (ID2)

Optional

n/a

n/a

n/a

$250,000 - $4,999,999

n/a

Default

First $250K – Insured Deposit  (ID2-4)

Anything over $250K:

  • Natural Persons: GMM (GMBXX)1
  • Entities: GTP (GTBXX)

GMG
(GMGXX)

First $250K – Insured Deposit (ID2-4)

Anything over $250K:

  • Natural Persons: GMH (GMGXX)1
  • Entities: GTF (GTFXX)

Optional

Cash Sweep Money Market Mutual Funds

n/a

Cash Sweep Money Market Mutual Funds

 $5,000,000+

Under $5,000,000 in cash

Default

First $250K – Insured Deposit (ID5)

Anything over $250K:

  • Natural Persons: GMM (GMBXX)1
  • Entities: GTP (GTBXX)

GMG
(GMGXX)

First $250K – Insured Deposit (ID5)

Anything over $250K:

  • Natural Persons: GMH (GMGXX)1
  • Entities: GTF (GTFXX)

Optional

Cash Sweep Money Market Mutual Funds

n/a

Cash Sweep Money Market Mutual Funds

Over $5,000,000 in cash

Default

First $250K – Insured Deposit (ID5)

Anything over $250K: DGS (DIPXX)

GSI
(DGCXX)

First $250K – Insured Deposit (ID5)

Anything over $250K: GSM (DGCXX)

Optional

Cash Sweep Money Market Mutual Funds

n/a

Cash Sweep Money Market Mutual Funds

View:
Bank Deposit Rates | Money Market Mutual Fund Rates | Cash Sweep Program Disclosure [PDF]

1Available only to “natural persons” accounts as defined by the SEC’s Money Market Fund Reform rules. Cash assets over $250K for accounts not meeting the SEC definition of “natural persons” are auto-swept into the Dreyfus General Treasury Securities Money Market – Class B

Bank Deposit Rates

As described below, different interest rates apply based on a client’s household account values.

Bank deposit account rates as of 12/12/2018

CIBC
Household Balance Rate
$0 - $249,999 (brokerage accounts) 0.40%

U.S. Bank
Household Balance Rate
$0 - $249,000 (advisory accounts)
$250-000 - $999,999
0.65%
$1,000,000 - $1,999,999 0.85%
$2,000,000 - $4,999,999 1.00%
$5,000,000 or more 1.15%


The Bank Deposit Account is not a money market mutual fund. Rather, it is a deposit account held at either CIBC or U.S. Bank. Because of this, an investor’s deposits in this account are insured by the Federal Deposit Insurance Corporation (FDIC) up to the limitations as described in detail in the Cash Sweep Program Disclosure. The applicable interest rate will be set at a rate determined monthly by Baird based on household balance.

Money Market Mutual Fund Rates

Available to select clients as outlined below

 

Retail Funds  

7 Day Yield

12/12/2018

Available to clients with a household balance of $250,000 or more.    
General Money Market - Class B GMBXX 1.44%
General Municipal Money Market Fund GBMXX 0.65%
General California Municipal Money Market Fund GCAXX 0.90%
General New York Municipal Money Market Fund GNYXX 0.57%


Government Funds  

7 Day Yield

12/12/2018

Available to clients with a household balance of $250,000 or more.    
General Government Securities Money Market Fund GSBXX 1.24%
General Treasury Securities Money Market Fund GTBXX 1.30%

 
Investment Advisory  

7 Day Yield

12/12/2018

GGDXX, GTFXX, GMGXX and GTMXX are available for advisory.  
General Government Securities Money Market Fund GGDXX  1.70%
General Money Market - Class A GMMXX 1.68%
General Money Market Fund, Inc. GMGXX  1.89%
General Treasury Securities Money Market Fund GTFXX  1.73%
 General Municipal Money Market - Class A GTMXX  1.09%

Institutional Funds  

7 Day Yield

12/12/2018

 

Available to clients whose household cash balances are $5 million or greater.  
Brokerage Accounts
Government Securities Cash Management Fund - Institutional
DIPXX 2.09%
Investment Advisory Accounts
Dreyfus Government Cash Management Fund - Institutional Shares
DGCXX 2.11%

 

Investors should consider the investment objectives, risks, charges and expenses of each money market mutual fund carefully before investing. This and other information is found in the prospectus. To view and print a prospectus, please select from the funds listed above. Please read the prospectus carefully before investing

Performance data quoted represents past performance. Past performance does not guarantee future results. Yield and investment returns of money market mutual funds will fluctuate so that investors’ shares when redeemed may be worth more or less than their original cost. The funds' current performance may be lower or higher than the performance data quoted.

For Retail Money Market Funds: You could lose money by investing in the 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 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.

For Government Money Market Funds: You could lose money by investing in the 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.

For Institutional Money Market Funds: You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Fund may impose a fee upon 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.