Valet Benefits

Convenient and Time Saving
The Valet account is designed to help you save and invest more efficiently. If you are like most people, you have at least one bank account, two or more credit cards, and an investment portfolio with a mutual fund company, brokerage firm or other financial services organization. Each month you receive separate statements from these companies. In order for you to know where you stand financially, you need to review all of the statements or access your account information separately. If you have questions about particular transactions, you must make several phone calls to satisfy your inquiry. Often this process takes a lot of time and can be inconvenient.

Simplified Record Keeping
By incorporating all the services of a bank, a brokerage firm/mutual fund company and a credit card company into one account, Valet eliminates the effort of reconciling multiple statements each month. And, the year-end summary statement can simplify your record keeping efforts and speed up your tax preparation process.

Smart Money Management
With Valet, your cash deposits, investment income and securities sales proceeds are conveniently "swept" to a high yield money market fund of your choice. Money market funds generally pay higher interest rates than bank checking accounts.

Borrowing Flexibility
Your Valet account also has a built-in overdraft (margin) feature enabling you to borrow against your securities at attractive rates.