Cash Management
The Liberty Cash Management Account is designed to help you manage your everyday finances easily and conveniently. It’s like having three accounts in one: a competitively yielding money market account plus a brokerage and checking account. The Cash Management Account puts every dollar to work for you.
Simplify Your Finances
Our comprehensive cash management program provides a number of benefits designed to make your life easier. With the choice of flexible and easy-to-use services, managing your finances will be easier than you ever imagined.
Optional features of the Cash Management Account include the following:
Automatic Account Builder
Accelerate the growth in your Cash Management Account through periodic transfers from your bank account. These transfers can be set up for a monthly or quarterly pre-specified amount of your choice with a minimum recurring amount of $100. There is no cost from Vision for this service, which is a great way to help you easily save towards your future financial goals!
Direct Deposit
You can have funds automatically deposited into your Cash Management Account for regularly recurring payments such as payroll and pension checks and Social Security benefits.
Put Your Money to Work with Our Cash Sweep
The first step with every Liberty Cash Management Account is the selection of the appropriate money market fund. Depending on your needs, your account can be linked to one of a variety of professionally-managed money market portfolios, each offering:
- Relative Safety of Principal
- Daily Liquidity 3
- Competitive Yield
Plus, as dividends, interest and proceeds from sales and other transactions become available in your brokerage account, they are automatically swept each day into your chosen money market fund. You choose from taxable and municipal funds – all offering competitive yields.
These high quality, low risk funds are managed by Federated Investors, one of the nation’s largest, most respected mutual fund companies and one of the top money market fund managers 4. A complete listing of Federated money market funds is available here. You should discuss these funds with your Financial Advisor.
Free Unlimited Check Writing
It’s like a bank checking account without hidden fees and with the added earning power of your brokerage account. Your excess funds stay fully invested in your core money market fund until your checks are presented for payment. The initial package of 50 checks, all check re-orders and a leather checkbook wallet are complimentary. Special orders, express delivery, and return checks are available at an additional cost.
Automatic Investment
Automatically add to your mutual fund holdings. With recurring orders, you can automatically invest money from your brokerage account into one or more of your existing mutual funds on a monthly basis. Automatic investments can be made for as little as $100 each time with no transaction costs.
1 Initial package of 50 checks, all check re-orders and a leather checkbook wallet are complimentary. Special orders, express delivery and return checks are available at an additional cost.
2 Borrowing on margin and using stocks as collateral involves a high degree of risk. The investor can lose more funds than they deposit in the margin account and are not entitled to an extension of time on a margin call. The securities in the account may be sold to meet the margin call and the firm can sell the investor’s securities without contacting the investor and/or increase its “house” maintenance margin requirements at any time and is not required to provide an investor with advance written notice. The firm can force the sale of securities or other assets in an investor’s account. An investor is not entitled to choose which securities or other assets are liquidated or sold to meet a margin call.
3 Shares of money market mutual funds may fluctuate in value and upon redemption, may be worth more or less than initially invested.
4 Source: Strategic Insight, 5/31/08
Low Commissions
Vision Products
Whether you're new to investing online or an experienced active trader, Vision offers easy-to-use stock trading tools at affordable prices.
For both conservative and aggressive investors, options can assist you to reach your investment goals.