Money market funds with your 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 Dreyfus Government Cash Management fund (DGVXX). 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 or following the steps below. Step 1: Go to the BNY Mellon website. 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 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 subsidiary of Brex Inc., 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 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 Inc. 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 Inc. 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. The following rates will be effective on December 5, 2025. You can view your current rate for your Brex business account on your Accounts page by following the steps above.
| Total balance | Yield | Additional Return | Total Treasury Return |
|---|---|---|---|
| $20M+ | 3.69% | 0.35% | 4.04%† |
| $5M to < $20M | 3.69% | 0.20% | 3.89% |
| $2M to < $5M | 3.69% | 0.15% | 3.84% |
| $500K to < $2M | 3.69% | 0.05% | 3.74% |
| $0 to < $500K | 3.69% | 0.00% | 3.69% |
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 Dreyfus Government Cash Management Fund (DGVXX), and is effective as of 11/07/25. Additional return is effective as of December 5, 2025, and paid by Brex Treasury LLC. 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 treasury. 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, your payouts will arrive the first business day to follow.
Vault is provided by Brex Treasury LLC, 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, Member FINRA/SIPC.