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The IMET Board of Trustees is pleased to announce that it has guaranteed the rate of return offered on the IMET Convenience Fund. The Convenience Fund is a fully collateralized (110%) short-term money market fund initially established in September 2003 as a second investment option for IMET participants. Thanks to the cooperation and partnership of Charter One Bank, IMET is happy to announce a rate guarantee equal to the federal funds target rate. IMET is proud to offer this highly competitive, fully collateralized product as an exclusive to IMET participants. The fed funds rate is guaranteed to participants through the end of 2010. Transfers into the Convenience Fund may be made with a simple phone call to the Operations Desk at (888) 288-4638. New purchases into the Convenience Fund may be made by calling the Operations Desk at (888) 288-4638 and following the wire instructions that were mailed to participants. |
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