Performance data shown represents past performance and is no guarantee of future results. Current and future portfolio holdings are subject to risk.
Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Please consider all investment options that may be available outside of the Eagle One Sweep Bank Deposit Sweep Program. For the most recent month-end performance of the core account investment vehicles available please contact your Authorized agent/Advisor or visit Fidelity.com
. The rates above reflect a 7-day yield with no compounding, and are also published on Fidelity.com/moneymarketfunds
A Note about Differences in Rates of Return
The rate of return of the Eagle One Sweep Bank Deposit Sweep Program is shown as the interest rate that will be paid on cash balances in your brokerage account that are deposited at First Republic Bank. The Annual Percentage Yield (APY) takes into account the effect of daily compounding of the interest posted to your account. The rate of return of a money market fund is typically shown for a seven-day period, as in the case with the money funds displayed above, but is expressed as an annual percentage rate. It is referred to as the "7-day yield" and may change at any time based on the performance of the investments held by the money market fund. The compound effective yield on a money market fund reflects the effect of compounding of interest over a one-year period.
An investment in a money market fund is not a deposit or obligation of or guaranteed by First Republic Bank or any other bank.
You could lose money by investing in a money market 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 a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund 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.
Fidelity's government and U.S. Treasury money market funds will not impose a fee upon the sale of your shares, nor temporarily suspend your ability to sell shares if the fund's weekly liquid assets fall below 30% of its total assets because of market conditions or other factors.
1. The rate of interest paid is tiered based on the value of total assets in your brokerage account as of the end of the immediately preceding calendar quarter. First Republic Bank will evaluate your account's total assets and assign a rate tier to your account on a quarterly basis. The tiered rate will be applied to the entire balance held in the Eagle One Sweep Bank Deposit Sweep Program in accordance with the Interest Rate Tiers provided in the table above. A brokerage account with total assets above a tier may earn a higher rate and annual percentage yield (APY) on the balances of the Eagle One Sweep Bank Deposit Sweep Program than earned on a brokerage account with a lower value of total assets. Interest rates, APY and evaluation period may be changed at any time by First Republic Bank, in its discretion and without notice to you, and may be based on a number of factors including general economic, market and business conditions. You will receive notification in advance of any changes to the Interest Rate Tier structure and if advance notice is not practical due to the circumstances, you will be notified as soon as is reasonably practical. You will not receive advance notification regarding changes in interest rates within a tier. Brokerage Accounts with total assets of a greater value generally will receive higher interest rates on their balances of the Eagle One Sweep Bank Deposit Sweep Program than brokerage accounts with total assets of a lower value. The current interest rate for your balances of the Eagle One Sweep Bank Deposit Sweep Program may be obtained from Fidelity or your Authorized agent/Advisor.
2. Interest on your balances of the Eagle One Sweep Bank Deposit Sweep Program is accrued daily, compounded daily and is reflected on your brokerage account statement as of the last business day of the statement period. If you close your Deposit Account held at First Republic Bank before interest is credited, you will receive the accrued interest on the balance of your Deposit Account through the last full day prior to the date of closure of your Deposit Account held at First Republic Bank. Payment of interest will be calculated by applying the interest rate established to the daily balance in your Deposit Account held at First Republic Bank. This method applies a daily periodic rate to the amount in the Deposit Account each day. First Republic Bank applies the interest rate for the balance tier of your end-of-day balance against the entire balance of your Deposit Account held at First Republic Bank. Interest on your balances of the Eagle One Sweep Bank Deposit Sweep Program begins to accrue on the business day those funds are received by First Republic Bank, which will typically be the business day following the day your brokerage account reflects a cash balance. Generally, interest will accrue on balances of the Eagle One Sweep Bank Deposit Sweep Program through the business day preceding the date of withdrawal from First Republic Bank (which will typically be the day on which a withdrawal of funds is made from your brokerage account).
3. Rates are variable and may change frequently without prior notice. Fees (as described in your brokerage account Customer Agreement) may reduce earnings on the brokerage account. Interest rates are determined based on the value of total assets in your brokerage account.
4. The Cash Balance in a core account will be swept to an FDIC-insurance eligible interest bearing account at First Republic Bank by using the Eagle One Sweep Bank Deposit Sweep Program as the core account investment vehicle. Once the Cash Balance is deposited at First Republic Bank, it is no longer eligible to be covered by SIPC. The deposit is eligible for FDIC insurance subject to FDIC insurance coverage limits and in accordance with FDIC rules. All of the account holder's assets at First Republic Bank, including assets held in multiple accounts at Fidelity or outside of Fidelity will generally be counted toward the FDIC aggregate limit (The FDIC insurable limit is determined per depositor, per insured bank, for each account ownership category.) In accordance with the Eagle One Sweep Bank Deposit Sweep Program customers are responsible for monitoring their total assets at First Republic Bank to determine the extent of available FDIC insurance. Information regarding deposits at First Republic Bank through the Eagle One Sweep Bank Deposit Sweep Program can be found on your account statements. Amounts in excess of FDIC limits in First Republic Bank are not insured by SIPC or FDIC. For more information about FDIC insurance coverage, please visit the FDIC Web site at www.FDIC.gov
or call 877-ASK-FDIC.
SIPC is a non-profit membership corporation created by the Securities Investor Protection Act of 1970, funded primarily by its member securities brokerage firms registered with the U.S. Securities and Exchange Commission. SIPC provides protection against custodial risk to clients of securities brokerage firms, like FBS and NFS, in the event such firms become insolvent. SIPC does not insure against the loss of your investment, nor does SIPC protection insure the quality of investments or protect against a decline or fluctuations in the value of your investment. SIPC protects each client's securities and cash held in a client's Brokerage or Retirement Account at an insolvent brokerage firm. SIPC protects against the loss of customer securities and cash up to a total of $500,000 (of which up to $250,000 may be cash) per customer in each separate capacity under SIPC rules. Money Fund Shares are considered to be securities for purposes of SIPC coverage. If you have questions about SIPC coverage and additional SIPC-like coverage, contact your Authorized agent(s)/Advisor(s). You may also obtain information about SIPC coverage, including a brochure that describes SIPC and SIPC insurance, by accessing the SIPC website at www.sipc.org