# Money market funds with your Brex business account Get answers to all of your questions regarding Brex **URL Source:** https://www.brex.com/support/mmf-brex-business-account --- ## Overview Your Brex business account gives you access to three account types - checking, treasury, and vault. Any funds that you transfer into your treasury account will be segregated and held by Bank of New York Mellon and invested in the BNY Dreyfus Government Cash Management fund [(DGVXX](https://www.dreyfus.com/products/mm/fund/dreyfus-government-cash-management.shareclass.Investor-Shares.html#?section=overview)). DGVXX is a money market fund that invests solely in securities that are issued or guaranteed by the US government or its agencies or instrumentalities, repurchase agreements backed by cash, and/or government securities and cash. ## DGVXX fund information You can find in-depth information on the DGVXX, such as past performance data and the fund’s prospectus, by reviewing the [prospectus](https://www.dreyfus.com/products/mm/fund/dreyfus-government-cash-management.shareclass.Investor-Shares.html#?section=overview) or following the steps below. **Step 1: **Go to the [BNY Mellon website](https://im.bnymellon.com/us/en/). **Step 2: **Select _Cash management professionals._ **Step 3:** Hover over _Products_ and select _Overview_ under the heading _Money Market Mutual Funds._ **Step 4:** Select the DGVXX entry, which will be highlighted in teal. You can also search for “DGVXX.” ## Investment allocation Your invested funds are held as shares by you, the customer, through our Brex business account, and managed by Brex Treasury LLC, a Capital One company, in accordance with the custodial record per your selected allocation. While you should consider the investment objectives, risks, charges, and expenses of the DGVXX fund carefully before investing, note that the securities in which the fund invests include those backed by the full faith and credit of the US government. These include US Treasury securities as well as securities issued by certain agencies of the US government, which must be 99.5% invested in instruments fully backed by the US government/are fully collateralized by other assets fully backed by the US government. The primary objectives of the fund are to preserve capital and liquidity while earning the highest level of current income possible. As a registered broker-dealer, Brex Treasury, LLC, a Capital One company and a subsidiary of Brex LLC, a wholly owned subsidiary of Capital One, N.A., is required to segregate its funds money from those of our customers. In the event of a BNY failure, all customer assets will be transferred to another broker-dealer. Any unaccounted-for assets are protected by the Securities Investor Protection Corporation (SIPC) up to $500,000, including a maximum of $250,000 for cash. Funds invested in the DGVXX money market fund through the Brex business account are classified as securities, as they represent shares of the fund rather than cash deposits. ## Impact of changes by the Federal Reserve The yield of money market funds such as the DGVXX may change in response to fluctuations in interest rates set by the Federal Reserve. The yield offered on your DGVXX shares fluctuates daily, and you can find the latest yield rate figure [here](https://www.dreyfus.com/products/mm/fund/dreyfus-government-cash-management.shareclass.Investor-Shares.html#?section=overview) and in the dashboard of your Brex business account. Refer to the section below to understand your total treasury return. ## Total treasury return In addition to the DGVXX yield, you may earn additional returns on funds held in your treasury account, provided by Brex LLC, a wholly owned subsidiary of Capital One, N.A.. Eligibility of the additional return will be based on your overall Brex business account balance, but paid out only on funds invested in your treasury account DGVXX, accrued daily and paid monthly. Treasury return consists of the yield provided by DGVXX fund, and the additional return provided by Brex LLC, a wholly owned subsidiary of Capital One, N.A.. Please refer to the table below for the balance thresholds to qualify for this additional return. You can view the two components of your total treasury return in your account by following the steps below: **Step 1:** In your dashboard, go to _Accounts_, and select your treasury account. **Step 2: **At the top of the transaction table, you can view your current combined total return as an annualized percentage, the return accrued so far for the current period (since your last payout), and the total amount paid out in return since your Brex business account was first activated. **Step 3: **Under _Fund_, click _Details_ to view additional information on the fund, including a breakdown of your total return into the net yield rate and additional return. You can view an overview of the return for funds held in treasury below. | Total balance | Yield | Additional Return | Total Treasury Return | | --- | --- | --- | --- | | $20M+ | 4.01% | 0.35% | 4.36% | | $5M to < $20M | 4.01% | 0.20% | 4.26% | | $2M to < $5M | 4.01% | 0.15% | 4.21% | | $500K to < $2M | 4.01% | 0.05% | 4.11% | | $0 to < $500K | 4.01% | 0.00% | 4.01% | Total treasury return includes yield and additional return and is subject to the total balance in checking, treasury, and vault. Yield is the annual percentage rate based on the current 7-day average yield for the [BNY Dreyfus Government Cash Management Fund (DGVXX)](https://www.dreyfus.com/products/ebook.CUSIP262006307.Prospectus.html?pid=262006208&file=/content/dam/im/documents/compliancedocs/prospectus/annual/cmgt_inv.pdf%23zoom=page-width), and is effective as of 08/07/26. Additional return is paid by Brex Treasury LLC, a Capital One company. Actual yields may differ. Investing in securities involves risk, including possible loss of principal. Yield and additional return are variable and only earned on invested funds in the treasury account. Yield and additional return are provided monthly and automatically reinvested. Dividends and additional return are paid on the first business day of the month. If the first day falls on a weekend or [banking holiday](https://www.brex.com/banking-holidays), your payouts will arrive the first business day to follow. ## How Your Money Market Dividends Are Calculated ### Daily accrual Each day, we calculate the dividend your Money Market balance earned that day: **Daily Dividend = Daily Money Market Balance × Daily Yield Mill Rate** The daily rate is very precise (carried to 8 decimal places), so your daily dividend accruals accumulate to a fraction of a cent. Because payments can only be made in whole cents, these fractional amounts accumulate over the month rather than being paid out each day. ### Monthly payout At the end of each month, we add up all of your daily dividend accruals and round the total to the nearest cent: - 0.005 or more rounds up to the next cent - Less than 0.005 rounds down | Monthly total example | Example of dividend reinvested | | --- | --- | | $1.24676863 | $1.25 | | $1.24341354 | $1.24 | **Note: **Rounding happens only once, to the monthly total - not to each day's dividend. Your balance and the daily rate both change over time, so monthly dividends will vary. _This describes Brex's current dividend calculation and rounding method for Money Market positions and may be updated from time to time._ Vault is provided by Brex Treasury LLC, a Capital One company, Member FINRA/SIPC. Funds in Vault at program banks are eligible for FDIC insurance. Funds are not FDIC-insured until they arrive at program banks. Conditions apply. Brex is a financial technology company, not a bank. The Brex business account consists of Checking, a commercial checking account provided by Column N.A., Member FDIC, and Treasury and Vault, cash management services provided by Brex Treasury LLC, a Capital One company, Member FINRA/SIPC.