QUOTE(dasecret @ Mar 6 2016, 09:09 AM)
How does the returns differ for each type?
I assume overnight deposits is sweeping arrangement that zero effort is needed to decide how much cash flow I'd need and therefore how much I can place for how long. Would the return be much lower than say 7 days time deposit?
Btw, we r very out of topic 😜
Yeah, that would be a correct assumption. Just call in before 10am if you need the funds today.
1. Overnight deposits - T+0 - 3.2%
2. Short term money deposits - 1 Week - 3.3%, 2 Weeks - 3.4%, 1 Month 3.6%
3. Cash management funds - T+0 - <3.2%.
4. Money market funds - T+2 - 3.4-3.9%.
Not OT, MMFs are still UT funds ..