†The “total treasury return” posted (between 3.35% and 3.70%) is not the DGVXX 7-day yield. It is an annualized compounded number based on the current 7-day yield for the BNY Dreyfus Government Cash Management Fund (DGVXX) (3.30%) and the additional return provided by Brex. It assumes (1) the yield remains static and (2) all dividends and distributions are reinvested for one year.
The additional-return rate is a Brex-set nominal rate based on your applicable balance tier. It is an annualized, compounded figure. If additional returns are not held for one year, the realized return will be lower than the displayed rate. Your tier is determined daily based on your total Brex balance across Checking, Treasury, and Vault. It may change as that balance changes. Brex may also change the tier schedule at any time. Actual payouts are calculated daily and may be lower or higher.
The total return shown is an annualized estimate. It assumes the current DGVXX yield and your applicable additional-return rate remain unchanged for one year. It also assumes monthly payouts are reinvested. Actual returns will vary because fund yields, your balance tier, and your Treasury balance may change. Additional return is calculated daily and paid monthly on funds invested in Treasury. More information can be found here.
DGVXX yields fluctuate daily. Past yields are not indicative of future yields. If dividends and additional returns are not held for one year, the realized return will be lower. The realized return can also decrease if rates fall.
The posted rate applies to customers eligible for the highest-tier rate on their Brex business account. Yield and additional return are variable. They are earned only on invested Treasury funds. They are calculated daily, provided monthly, and automatically reinvested.
Investing in securities involves risk, including the risk of loss. An investment in DGVXX is not a bank deposit. The FDIC and other government agencies do not insure or guarantee it. The fund seeks to preserve each share’s value at $1.00. It cannot guarantee that value, and you may lose money.
Brex LLC is a wholly owned subsidiary of Capital One, N.A.
Brex LLC | 2261 Market Street STE 85844 | San Francisco, CA 94114
Brex LLC | 650 S 500W Suite 300 | Salt Lake City, UT 84101
The Brex business account consists of Checking, a commercial checking account provided by Column N.A., Member FDIC (an unaffiliated institution), and Treasury and Vault, cash management services provided by Brex Treasury LLC, Member FINRA/SIPC and a Capital One company.
Securities are offered through Brex Treasury LLC. Funds in Treasury are not FDIC-insured. Funds in Vault at program banks are eligible for FDIC insurance. Funds are not FDIC-insured until they arrive at program banks. Conditions apply.
Investing in securities involves risk and loss of money. Yield and return are variable and fluctuate. Past performance is not a guarantee of future results. This is not an offer to, or implied offer, or a solicitation to, buy or sell any securities. Brex Treasury LLC does not provide legal, tax, or investment advice. The latest statement of financial condition for Brex Treasury LLC is available here. 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 FDIC or any other government agency.
The Brex Mastercard® Corporate Credit Card is issued by Emigrant Bank, Fifth Third Bank N.A., or Airwallex (Netherlands) B.V. (all unaffiliated institutions), pursuant to licenses by Mastercard International Inc. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Inc. The Brex Commercial Card is issued by Sutton Bank (an unaffiliated institution), pursuant to a license from Visa® U.S.A. Inc. Can be used where Visa® cards are accepted. No ATM access. All loans are subject to approval, including underwriting, credit, and collateral approval, as well as availability restrictions. Nothing herein should be construed as a commitment to lend.
Certain payment services are provided by Brex Payments LLC, a licensed money transmitter (NMLS #2035354) and a Capital One company.
Some Brex products have associated fees. Plans start at $0 per user, per month, and more advanced features are available for $12 per user, per month.