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The PLUS Account is a floating rate investment account that can adjust daily. It offers enhanced short-term yields while maintaining flexibility. Minimum investment is $500,000 and withdrawals are limited to four per month. Excess withdrawals are subject to penalty. PLUS Account rates and calculations are as follows:
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Dividend rate: the PLUS Account offers rates higher than the Plateau Account. The dividend rate is declared by approximately 3:00 pm CT each business day. The dividend rate for a non-business day is the same as the previous business day.
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Dividend payment: dividends are paid and posted on the last business day of the month.
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Dividend calculations: dividends are calculated on an actual (365-day) basis.
The PLUS Account can be used to enhance yields over the weekend as it offers higher yields than the Plateau Account. Rates are disclosed by approximately 3:00 pm CT each business day.
For more information regarding the PLUS Account, please contact the Investment Department. |