Cash Management 

cash management and investment accounts 

Our cash management accounts listed below allow you to consolidate your checking, investing and savings accounts into one user-friendly account. Cash balances (from investments, capital gain, and dividend distributions, liquidations, etc.) in the account are automatically swept into the chosen money market on a daily basis.

  • Northwestern Mutual Cash Management Silver
  • Northwestern Mutual Cash Management Gold
  • Northwestern Mutual Cash Management Platinum

View features and benefits for more details. For additional information, please contact your financial representative.

Services 

Platinum 

Gold 

Silver 

IRA Resource Checking 

Contact Us 

Services

Consolidate multiple accounts with the Northwestern Mutual cash management program. Choose from:

  • Northwestern Mutual Cash Management Silver
  • Northwestern Mutual Cash Management Gold
  • Northwestern Mutual Cash Management Platinum
  • IRA Resource Checking*

Bring order and convenience to your banking and investment accounts with:

  • Money Market fund options1 with daily cash sweep
  • Unlimited checkwriting with no minimums
  • Cash withdrawals from PNC Bank and Allpoint ATMs are free
  • Comprehensive statements
  • Free online access available 24 hours a day, 7 days a week
  • Automated deposits and bill payment services
  • Invested in FDIC insured bank deposit account and/or money market fund
  • Live customer service for all account questions. In addition, 24/7 live customer service is available for all debit-card related questions2 and 24/7 voice response service is available for all account and debit card-related questions.

Money Market Fund Options3

The balance of your Northwestern Mutual Cash Management account can be directed into one of several money market funds. Your options include several state specific municipal money market funds, a government securities money market fund, an FDIC-insured bank deposit program4, or a general money market mutual fund. They are sold by prospectus only. Available cash balances are automatically invested each business day into the fund you have chosen and your dividends are reinvested.

For more complete information, including investment objectives, risks, charges, expenses, and other information about the investment company, please contact your financial representative for a prospectus. Carefully read the prospectus or terms and conditions document and consider this information before investing. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, they offer no guarantee to do so and it is possible to lose money by investing in them.

Special Investment Account Services

Special account services are available with your Northwestern Mutual Cash Management account including electronic transfers, dividend reinvestment, a mutual fund purchase program and account protection.

  • Electric Transfers
    Electronic savings transfer and electronic funds transfer can help you move funds between your accounts easily and automatically. Funds may be transferred between NMIS accounts and accounts not held at NMIS.


  • Dividend Reinvestment
    Automatically reinvest any dividends paid on your securities. This feature will credit the dividends to your account and then automatically purchase additional shares of the underlying security, if allowed by the issuer of the security.


  • Mutual Fund Purchase Program
    Establish a regular pattern of investing in mutual funds from your NMIS account. You decide when to invest, which mutual fund(s) to purchase and how often shares are purchased.


  • Account Protection
    NMIS is a member of SIPC (Securities Investor Protection Corporation), which protects the value of securities in customers' accounts up to $500,000 (including up to $250,000 for claims for cash). SIPC does not bail out investors when the value of their stocks, bonds and other investments falls for any reason. Instead, SIPC replaces missing stocks and other securities where it is possible to do so even when investments have increased in value. SIPC does not cover individuals who are sold worthless stocks and other securities. An explanatory brochure concerning SIPC is available upon request or at www.sipc.org.

In addition, NMIS' clearing firm, Pershing LLC (Pershing) carries excess SIPC insurance coverage through a private insurer, Lloyds of London. This excess SIPC insurance coverage provides account protection for assets held in custody with Pershing LLC for 1) An aggregate loss limit of $1 billion for eligible securities on Pershing's Platform 2) A per client loss limit of $1.9 million for cash awaiting reinvestment -- within the aggregate loss limit of $1 billion. Assets held at a custodial institution other than Pershing or other assets "not held" at Pershing are not protected by the excess SIPC insurance policy. The availability of excess SIPC coverage is not guaranteed, and coverage limits may change from time to time based on commercial availability. Please see your Northwestern Mutual Registered Representative for additional information.

*IRA Resource Checking is available for IRA only.

NMIS is an affiliated company of Northwestern Mutual. Northwestern Mutual is not a broker-dealer.

 

Account Protection

Northwestern Mutual Investment Services (NMIS) is a member of SIPC (Securities Investor Protection Corporation), which protects the value of securities in customers' accounts up to $500,000 (including $250,000 for claims for cash), in the unlikely event of a SIPC liquidation. SIPC does not bail out investors when the value of their stocks, bonds and other investments falls for any reason. Instead, SIPC replaces missing stocks and other securities where it is possible to do so even when investments have increased in value. SIPC does not cover individuals who are sold worthless stocks and other securities. An explanatory brochure concerning SIPC is available upon request or at www.sipc.org.

In addition, NMIS' clearing firm, Pershing LLC (Pershing) carries excess SIPC insurance coverage through a private insurer, Lloyds of London. This excess SIPC insurance coverage provides account protection for assets held in custody with Pershing LLC for 1) An aggregate loss limit of $1 billion for eligible securities on Pershing's Platform 2) A per client loss limit of $1.9 million for cash awaiting reinvestment -- within the aggregate loss limit of $1 billion. Assets held at a custodial institution other than Pershing or other assets "not held" at Pershing are not protected by the excess SIPC insurance policy. The availability of excess SIPC coverage is not guaranteed, and coverage limits may change from time to time based on commercial availability. Please see your Northwestern Mutual Registered Representative for additional information.

Automatic account protection offers you assurance and helps you to feel confident about your decision to invest with NMIS.

Automatic Account Protection

The assets you own in your NMIS investment account in the form of stocks, bonds, mutual funds, money market funds, notes, options, certificates of deposit, debentures, warrants and rights are automatically protected.

Multiple Account Protection

Each account you have with NMIS in which you act in a different capacity is protected. This means that if you act as sole owner of one account and custodian of another, each of those accounts retains separate protection.

The Purpose of SIPC

SIPC was created in 1970 by an act of Congress and plays a vital role in the overall investment system in the United States.

The purpose of SIPC is to protect account holders in the event that a brokerage firm becomes insolvent or liquidates. When necessary, SIPC works to restore investors' assets that are held by bankrupt or financially troubled brokerage firms.

SIPC does not provide protection against investment losses due to market fluctuations nor does SIPC fight broker fraud.

SIPC Resources and Protection

Member contributions, as well as interest earned from U.S. government securities, provide SIPC with the resources it needs to protect investors. If additional funds are needed, SIPC is able to draw resources from a bank consortium credit line of one billion dollars and borrow up to one billion dollars from the U.S. Treasury.

Additional information about the SIPC can be found at its website www.sipc.org.

1,3Payments Related to Cash Sweep Options
NMIS also receives additional compensation from Pershing based on assets held within the automatic cash sweep options offered within NMIS accounts. NMIS has made various cash sweep options available to NMIS clients. Depending on the fund selected and subject to certain fee waivers, NMIS may receive up to 0.75% (e.g., $75 on a $10,000 investment) per year from Pershing, LLC based on the assets NMIS clients hold within these cash sweep options, a portion of which is paid to financial representatives on brokerage accounts. During the previous calendar year, the average amount NMIS received from Pershing, LLC under these arrangements did not exceed 0.20% (e.g., $20 on a $10,000 investment). Pershing, LLC also credits NMIS with a rebate up to 0.35% (e.g., $35 on a $10,000 investment) per year based on uninvested cash in customer accounts not electing a sweep option.

2Not available for Silver and IRA Resource accounts.

4Unlike money market mutual funds, the FDIC-insured deposit program provides clients with access to FDIC-insured deposit accounts. The program’s sponsor allocates each account’s cash to one or more deposit accounts held at participating banks. Funds maintained at participating banks are FDIC-insured up to $250,000 per bank for each category of legal ownership, for a total of up to $250,000 of FDIC insurance. Because all client balances held at a participating bank are aggregated, clients who have CDs or other deposit accounts at a participating bank could exceed FDIC limits.

Those invested in the FDIC insured bank deposit program receive a terms and conditions document instead of a prospectus.

The interest earned on the FDIC insured deposit account may fluctuate and may be greater or less then the current yield on a money market fund investment.

NMIS is a member of SIPC (Securities Investor Protection Corporation), which protects the value of securities in customers’ accounts up to $500,000 (including up to $250,000 for claims for cash). SIPC does not bail out investors when the value of their stocks, bonds and other investments falls for any reason. Instead, SIPC replaces missing stocks and other securities where it is possible to do so even when investments have increased in value. SIPC does not cover individuals who are sold worthless stocks and other securities. An explanatory brochure concerning SIPC is available upon request or at www.sipc.org.

In addition, NMIS’ clearing firm, Pershing, LLC has obtained excess account protection for client accounts. The coverage provides excess account protection for assets held in custody with Pershing LLC and its London affiliate, Pershing Securities Limited, up to an aggregate limit of $1 billion, of which $1.9 million may cover cash awaiting reinvestment at the individual account level. Assets held at a custodial institution other than Pershing or other assets not held at Pershing are not protected by the excess SIPC coverage.

SIPC coverage does not protect against potential losses due to market fluctuation.

All securities are offered through Northwestern Mutual Investment Services LLC, (NMIS), Suite 600, 611 E. Wisconsin Avenue, Milwaukee, WI 53202, 1-866-664-7737. Member FINRA and SIPC. NMIS is wholly owned by Northwestern Mutual.

NMIS is an affiliated company of Northwestern Mutual. Northwestern Mutual is not a broker-dealer.

 

Northwestern Mutual Cash Management Platinum

Northwestern Mutual Cash Management Platinum helps you centralize your account information and gives you access to your account’s cash. It also provides checkwriting and debit card privileges, direct deposit and the ability to earn money market yields on cash balances.

Account Features

Northwestern Mutual Cash Management Platinum offers:

  • Money Market fund options5 with daily cash sweep
  • Unlimited checkwriting with no minimums
  • Cash withdrawals from PNC Bank and Allpoint ATMs are free
  • Comprehensive statements
  • Free online access available 24 hours a day, 7 days a week
  • Automated deposits and bill payment services
  • Invested in FDIC insured bank deposit account and/or money market fund
  • Live customer service for all account questions is available 7 a.m. Monday through 10:30 a.m. Saturday Central Time (CT). In addition, 24/7 live customer service is available for all debit-card related questions and 24/7 voice response service is available for all account and debit card-related questions. All are available at (800) 547-7008.
  • Visa® debit card
  • Awards Program- RewardSuite™

Money Market Fund Options5
The balance of your Northwestern Mutual Cash Management Platinum account can be directed into one of several money market funds. Your options include several-state specific municipal money market funds, a government securities money market fund, an FDIC-insured bank deposit program6, or a general money market mutual fund. They are sold by prospectus only7. Available cash balances are automatically invested each business day into the fund you have chosen and your dividends are reinvested.

Checkwriting
Northwestern Mutual Cash Management Platinum offers easy access to your funds and earns interest daily at a competitive rate. There is no limit to the number of checks you can write and there is no minimum check amount. Also, Northwestern Mutual Cash Management Platinum offers a convenient way for you to code your checks to keep track of expenses.

Visa® Debit Card8
You can use your debit card at a number of locations nationwide. Each purchase is paid directly from available cash in your Northwestern Mutual Cash Management Platinum account. The daily transaction limit is $30,000.

ATM/Fee Reimbursements
Cash withdrawals from PNC Bank or Allpoint ATMs are free. There are 6,500 PNC Bank ATMs without fees and an additional 43,000 surcharge-free ATMs worldwide that display the Allpoint network logo. In fact, 1 in 12 ATMs in America is an Allpoint surcharge-free ATM. The Allpoint ATMs are located in key retailers such as 7 Eleven, Walgreens, Kroger, Target, Costco Wholesale, CVS pharmacy, and Oxxo.

You can withdraw up to $3,000/day at ATMs9. There is a $10.00/month fee reimbursement for withdrawals made at ATMs outside of the Allpoint/PNC network.

Comprehensive Statements
Eliminate the hassle of reviewing multiple investment account statements. All of your account activity is captured in one consolidated monthly statement. This valuable resource provides all the details you need about your investments, checkwriting and debit card purchases. In addition, you will receive cost basis on your monthly and quarterly statements, statement breakout sections and a tax and year-end statement.

Access to Account Information
Online access to your account information is available 24 hours a day, seven days a week through our secure website, NMIS Online. With NMIS Online, you will have instant access to balances, portfolio holdings, account activity, check images and more.

Automated Deposits and Bill Payment Services
Northwestern Mutual Cash Management Platinum offers a convenient and secure way to receive, pay, and organize
bills online. This can be done through NMIS Online via BillSuite™.

RewardSuite™
You can accumulate points ($1=1.5 points) that can be redeemed for gift cards, gift certificates for stores,  restaurants, hotels and airfare, or 1% cash back on eligible purchases. In addition to concierge services there are no blackout dates for air travel, no Saturday restrictions or 21 day advanced booking requirements.

Annual Fee
There is no fee for the first year the account is opened. Thereafter, an annual fee of $100 will be charged to your account on the anniversary of the account opening.

Customer Service
Live customer service for all account questions is available 7 a.m. Monday through 10:30 a.m. Saturday Central Time (CT). In addition, 24/7 live customer service is available for all debit-card related questions and 24/7 voice response service is available for all account and debit card-related questions. All are available at (800) 547-7008.

Guidance
Perhaps the best feature of your Northwestern Mutual Cash Management Platinum account is the guidance you receive from your financial representative. Your financial representative will work with you to identify your financial goals and then provide ongoing support to help you achieve those goals.

Talk to your financial representative to discuss this account in greater detail.

5Payments Related to Cash Sweep Options
NMIS also receives additional compensation from Pershing based on assets held within the automatic cash sweep options offered within NMIS accounts. NMIS has made various cash sweep options available to NMIS clients. Depending on the fund selected and subject to certain fee waivers, NMIS may receive up to 0.75% (e.g., $75 on a $10,000 investment) per year from Pershing, LLC based on the assets NMIS clients hold within these cash sweep options, a portion of which is paid to financial representatives on brokerage accounts. During the previous calendar year, the average amount NMIS received from Pershing, LLC under these arrangements did not exceed 0.20% (e.g., $20 on a $10,000 investment). Pershing, LLC also credits NMIS with a rebate up to 0.35% (e.g., $35 on a $10,000 investment) per year based on uninvested cash in customer accounts not electing a sweep option.

6Unlike money market mutual funds, the FDIC-insured deposit program provides clients with access to FDIC-insured deposit accounts. The program’s sponsor allocates each account’s cash to one or more deposit accounts held at participating banks. Funds maintained at participating banks are FDIC-insured up to $250,000 per bank for each category of legal ownership, for a total of up to $250,000 of FDIC insurance. Because all client balances held at a participating bank are aggregated, clients who have CDs or other deposit accounts at a participating bank could exceed FDIC limits.

Those invested in the FDIC insured bank deposit program receive a terms and conditions document instead of a prospectus.

7For more complete information, including investment objectives, risks, charges, expenses, and other information about the investment company, please contact your financial representative for a prospectus. Carefully read the prospectus or terms and conditions document and consider this information before investing.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, they offer no guarantee to do so and it is possible to lose money by investing in them.

8Please note that some vendors may not honor your debit card. Check with them before purchase.

9Certain financial institutions set limits on a per transaction basis. Please consider this when withdrawing funds from these ATMs. Per Allpoint’s website, if a surcharge message appears during a transaction at an Allpoint ATM, accept the surcharge. You will either not be charged or Allpoint will refund the surcharge. Keep in mind you will be charged a surcharge for ATMs outside the Allpoint/PNC network.

The interest earned on the FDIC insured deposit account may fluctuate and may be greater or less then the current yield on a money market fund investment.

NMIS is a member of SIPC (Securities Investor Protection Corporation), which protects the value of securities in customers’ accounts up to $500,000 (including up to $250,000 for claims for cash). SIPC does not bail out investors when the value of their stocks, bonds and other investments falls for any reason. Instead, SIPC replaces missing stocks and other securities where it is possible to do so even when investments have increased in value. SIPC does not cover individuals who are sold worthless stocks and other securities. An explanatory brochure concerning SIPC is available upon request or at www.sipc.org.

In addition, NMIS’ clearing firm, Pershing, LLC has obtained excess account protection for client accounts. The coverage provides excess account protection for assets held in custody with Pershing LLC and its London affiliate, Pershing Securities Limited, up to an aggregate limit of $1 billion, of which $1.9 million may cover cash awaiting reinvestment at the individual account level. Assets held at a custodial institution other than Pershing or other assets not held at Pershing are not protected by the excess SIPC coverage.

SIPC coverage does not protect against potential losses due to market fluctuation.

All securities are offered through Northwestern Mutual Investment Services LLC, (NMIS), Suite 600, 611 E. Wisconsin Avenue, Milwaukee, WI 53202, 1-866-664-7737. Member FINRA and SIPC. NMIS is wholly owned by Northwestern Mutual.

NMIS is an affiliated company of Northwestern Mutual. Northwestern Mutual is not a broker-dealer.

 

Northwestern Mutual Cash Management Gold Account

Northwestern Mutual Cash Management Gold helps you centralize your account information and gives you access to your account’s cash. It also provides checkwriting and debit card privileges, direct deposit and the ability to earn money market yields on cash balances.

Account Features

  • Money Market fund options10 with daily cash sweep
  • Unlimited checkwriting with no minimums
  • Cash withdrawals from PNC Bank and Allpoint ATMs are free
  • Comprehensive statements
  • Free online access available 24 hours a day, 7 days a week
  • Automated deposits and bill payment services
  • Invested in FDIC insured bank deposit account and/or money market fund
  • Live customer service for all account questions is available 7 a.m. Monday through 10:30 a.m. Saturday Central Time (CT). In addition, 24/7 live customer service is available for all debit-card related questions and 24/7 voice response service is available for all account and debit card-related questions. All are available at (800) 547-7008.
  • Visa® debit card
  • Awards Program - RewardSuite

Money Market Fund Options10
The balance of your Northwestern Mutual Cash Management Gold account can be directed into one of several money market funds. Your options include several state specific municipal money market funds, a government securities money market fund, an FDIC-insured bank deposit program11, or a general money market mutual fund. They are sold by prospectus only12. Available cash balances are automatically invested each business day into the fund you have chosen and your dividends are reinvested.

Checkwriting
Northwestern Mutual Cash Management Gold offers easy access to your funds, and earns interest daily at a competitive rate. There is no limit to the number of checks you can write and there is no minimum check amount. Also, Northwestern Mutual Cash Management Gold offers a convenient way for you to code your checks to keep track of expenses.

Visa® Debit Card13
You can use your debit card at a number of locations nationwide. Each purchase is paid directly from available cash in your Northwestern Mutual Cash Management Gold account. The daily transaction limit is $25,000.

ATM/Fee Reimbursements
Cash withdrawals from PNC Bank or Allpoint ATMs are free. There are 6,500 PNC Bank ATMs without fees and an additional 43,000 surcharge-free ATMs worldwide that display the Allpoint network logo. In fact, 1 in 12 ATMs in America is an Allpoint surcharge-free ATM. The Allpoint ATMs are located in key retailers such as 7 Eleven, Walgreens, Kroger, Target, Costco Wholesale, CVS pharmacy, and Oxxo.

You can withdraw up to $1,500/day at ATMs14. There is a $5.00/month fee reimbursement for withdrawals made outside of the Allpoint/PNC network.

Comprehensive Statements
Eliminate the hassle of reviewing multiple investment account statements. All of your account activity is captured in one consolidated monthly statement. This valuable resource provides all the details you need about your investments, checkwriting and debit card purchases. In addition, you will receive cost basis on your monthly and quarterly statements, statement breakout sections and a tax and yearend statement.

Access to Account Information
Online access to your account information is available 24 hours a day, seven days a week through our secure website, NMIS Online. With NMIS Online, you will have instant access to balances, portfolio holdings, account activity, check images and more.

Automated Deposits and Bill Payment Services
Northwestern Mutual Cash Management Gold offers a convenient and secure way to receive, pay, and organize
bills online. This can be done through NMIS Online via BillSuite™.

RewardSuite™
You can accumulate points ($1=1 point) that can be redeemed for gift cards, gift certificates for stores, restaurants, hotels and airfare, or 1% cash back on eligible purchases.

Annual Fee
There is no fee for the first year the account is opened. Thereafter, an annual fee of $100 will be charged to your
account on the anniversary of the account opening.

Customer Service
Live customer service for all account questions is available 7 a.m. Monday through 10:30 a.m. Saturday Central Time (CT). In addition, 24/7 live customer service is available for all debit-card related questions and 24/7 voice response service is available for all account and debit card-related questions. All are available at (800) 547-7008.

Guidance
Perhaps the best feature of your Northwestern Mutual Cash Management Gold account is the guidance you
receive from your financial representative. Your financial representative will work with you to identify your financial goals and then provide ongoing support to help you achieve those goals.

The interest earned on the FDIC insured deposit account may fluctuate and may be greater or less then the current yield on a money market fund investment.

10Payments Related to Cash Sweep Options
NMIS also receives additional compensation from Pershing based on assets held within the automatic cash sweep options offered within NMIS accounts. NMIS has made various cash sweep options available to NMIS clients. Depending on the fund selected and subject to certain fee waivers, NMIS may receive up to 0.75% (e.g., $75 on a $10,000 investment) per year from Pershing, LLC based on the assets NMIS clients hold within these cash sweep options, a portion of which is paid to financial representatives on brokerage accounts. During the previous calendar year, the average amount NMIS received from Pershing, LLC under these arrangements did not exceed 0.20% (e.g., $20 on a $10,000 investment). Pershing, LLC also credits NMIS with a rebate up to 0.35% (e.g., $35 on a $10,000 investment) per year based on uninvested cash in customer accounts not electing a sweep option.

11Unlike money market mutual funds, the FDIC-insured deposit program provides clients with access to FDIC-insured deposit accounts. The program’s sponsor allocates each account’s cash to one or more deposit accounts held at participating banks. Funds maintained at participating banks are FDIC-insured up to $250,000 per bank for each category of legal ownership, for a total of up to $250,000 of FDIC insurance. Because all client balances held at a participating bank are aggregated, clients who have CDs or other deposit accounts at a participating bank could exceed FDIC limits.

Those invested in the FDIC insured bank deposit program receive a terms and conditions document instead of a prospectus.

12For more complete information, including investment objectives, risks, charges, expenses, and other information about the investment company, please contact your financial representative for a prospectus. Carefully read the prospectus or terms and conditions document and consider this information before investing.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, they offer no guarantee to do so and it is possible to lose money by investing in them.

13Please note that some vendors may not honor your debit card. Check with them before purchase.

14Certain financial institutions set limits on a per transaction basis. Please consider this when withdrawing funds from these ATMs. Per Allpoint’s website, if a surcharge message appears during a transaction at an Allpoint ATM, accept the surcharge. You will either not be charged or Allpoint will refund the surcharge. Keep in mind you will be charged a surcharge for ATMs outside the Allpoint/PNC network.

NMIS is a member of SIPC (Securities Investor Protection Corporation), which protects the value of securities in customers’ accounts up to $500,000 (including up to $250,000 for claims for cash). SIPC does not bail out investors when the value of their stocks, bonds and other investments falls for any reason. Instead, SIPC replaces missing stocks and other securities where it is possible to do so even when investments have increased in value. SIPC does not cover individuals who are sold worthless stocks and other securities. An explanatory brochure concerning SIPC is available upon request or at www.sipc.org.

In addition, NMIS’ clearing firm, Pershing, LLC has obtained excess account protection for client accounts. The coverage provides excess account protection for assets held in custody with Pershing LLC and its London affiliate, Pershing Securities Limited, up to an aggregate limit of $1 billion, of which $1.9 million may cover cash awaiting reinvestment at the individual account level. Assets held at a custodial institution other than Pershing or other assets not held at Pershing are not protected by the excess SIPC coverage.

SIPC coverage does not protect against potential losses due to market fluctuation.


All securities are offered through Northwestern Mutual Investment Services LLC, (NMIS), Suite 600, 611 E. Wisconsin Avenue, Milwaukee, WI 53202, 1-866-664-7737. Member FINRA and SIPC. NMIS is wholly owned by Northwestern Mutual.

NMIS is an affiliated company of Northwestern Mutual. Northwestern Mutual is not a broker-dealer.

 

Northwestern Mutual Cash Management Silver

Northwestern Mutual Cash Management Silver helps you centralize your account information and gives you access to your account’s cash. It also provides checkwriting privileges, direct deposit and the ability to earn money market yields on cash balances.

Account Features

  • Money Market fund options15 with daily cash sweep
  • Unlimited checkwriting with no minimums
  • Comprehensive statements
  • Free online access available 24 hours a day, 7 days a week
  • Automated deposits and bill payment services
  • Invested in FDIC insured bank deposit account and/or money market fund
  • Live customer service for all account questions is available 7 a.m. Monday through 10:30 a.m. Saturday Central Time (CT). In addition, 24/7 voice response service is available for all account questions. Both are available at
    (800) 547-7008.

Money Market Fund Options15
The balance of your Northwestern Mutual Cash Management Silver account can be directed into one of several money market funds. Your options include several state-specific municipal money market funds, a government securities money market fund, an FDIC-insured bank deposit program16, or a general money market mutual fund. They are sold by prospectus only17. Available cash balances are automatically invested each business day into the fund you have chosen and your dividends are reinvested.

Checkwriting
Northwestern Mutual Cash Management Silver offers easy access to your funds, and earns interest daily at a competitive rate. There is no limit to the number of checks you can write and there is no limitation on the dollar amount of each check.

Comprehensive Statements
Eliminate the hassle of reviewing multiple investment account statements. All of your account activity is captured in one consolidated monthly statement. In addition, you will receive cost basis on your monthly and quarterly statements and a tax and year-end statement.

Access to Account Information
Online access to your account information is available 24 hours a day, seven days a week through our secure website, NMIS Online. With NMIS Online, you will have instant access to balances, portfolio holdings, account activity, check images and more.

Automated Deposits and Bill Payment Services
Northwestern Mutual Cash Management Silver offers a convenient and secure way to receive, pay, and organize bills online. This can be done through NMIS Online via BillSuite™.

Annual Fee
Northwestern Mutual Cash Management Silver is available to you free of charge.

Customer Service
Live customer service for all account questions is available 7 a.m. Monday through 10:30 a.m. Saturday Central Time (CT). In addition, 24/7 voice response service is available for all account questions. Both are available at (800) 547-7008.

Guidance
Perhaps the best feature of your Northwestern Mutual Cash Management Silver account is the guidance you receive from your financial representative. Your financial representative will work with you to identify your financial goals and then provide ongoing support to help you achieve those goals.

Talk to your financial representative to discuss this account in greater detail.

15Payments Related to Cash Sweep Options
NMIS also receives additional compensation from Pershing based on assets held within the automatic cash sweep options offered within NMIS accounts. NMIS has made various cash sweep options available to NMIS clients. Depending on the fund selected and subject to certain fee waivers, NMIS may receive up to 0.75% (e.g., $75 on a $10,000 investment) per year from Pershing, LLC based on the assets NMIS clients hold within these cash sweep options, a portion of which is paid to financial representatives on brokerage accounts. During the previous calendar year, the average amount NMIS received from Pershing, LLC under these arrangements did not exceed 0.20% (e.g., $20 on a $10,000 investment). Pershing, LLC also credits NMIS with a rebate up to 0.35% (e.g., $35 on a $10,000 investment) per year based on uninvested cash in customer accounts not electing a sweep option.

16Unlike money market mutual funds, the FDIC-insured deposit program provides clients with access to FDIC-insured deposit accounts. The program’s sponsor allocates each account’s cash to one or more deposit accounts held at participating banks. Funds maintained at participating banks are FDIC-insured up to $250,000 per bank for each category of legal ownership, for a total of up to $250,000 of FDIC insurance. Because all client balances held at a participating bank are aggregated, clients who have CDs or other deposit accounts at a participating bank could exceed FDIC limits.

Those invested in the FDIC insured bank deposit program receive a terms and conditions document instead of a prospectus.

17For more complete information, including investment objectives, risks, charges, expenses, and other information about the investment company, please contact your financial representative for a prospectus. Carefully read the prospectus or terms and conditions document and consider this information before investing.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, they offer no guarantee to do so and it is possible to lose money by investing in them.

The interest earned on the FDIC insured deposit account may fluctuate and may be greater or less then the current yield on a money market fund investment.

NMIS is a member of SIPC (Securities Investor Protection Corporation), which protects the value of securities in customers’ accounts up to $500,000 (including up to $250,000 for claims for cash). SIPC does not bail out investors when the value of their stocks, bonds and other investments falls for any reason. Instead, SIPC replaces missing stocks and other securities where it is possible to do so even when investments have increased in value. SIPC does not cover individuals who are sold worthless stocks and other securities. An explanatory brochure concerning SIPC is available upon request or at www.sipc.org.

In addition, NMIS’ clearing firm, Pershing, LLC has obtained excess account protection for client accounts. The coverage provides excess account protection for assets held in custody with Pershing LLC and its London affiliate, Pershing Securities Limited, up to an aggregate limit of $1 billion, of which $1.9 million may cover cash awaiting reinvestment at the individual account level. Assets held at a custodial institution other than Pershing or other assets not held at Pershing are not protected by the excess SIPC coverage.

SIPC coverage does not protect against potential losses due to market fluctuation.

All securities are offered through Northwestern Mutual Investment Services LLC, (NMIS), Suite 600, 611 E. Wisconsin Avenue, Milwaukee, WI 53202, 1-866-664-7737. Member FINRA and SIPC. NMIS is wholly owned by Northwestern Mutual.

NMIS is an affiliated company of Northwestern Mutual. Northwestern Mutual is not a broker-dealer.

 

IRA Resource Checking

The IRA Resource Checking account offers money market yields on cash balances and checkwriting privileges with no account maintenance fees. It is available for Traditional IRA, Roth IRA accounts for clients over 59 ½ who reside in the U.S.

Account Features


Investment Features
Each business day, available cash balances from securities transactions, deposits of funds, dividends or interest payments are automatically invested into a money market fund or FDIC insured deposit account.

Money Market Fund Options18
The balance of your Northwestern Mutual Cash Management Silver account can be directed into one of several money market funds. Your options include a FDIC-insured bank deposit program19, or a general money market mutual fund. They are sold by prospectus only20. Available cash balances are automatically invested each business day into the fund you have chosen and your dividends are reinvested.

Checkwriting
IRA Resource Checking offers free, unlimited checkwriting.

  • Authorization Limit:
    • Checks may be written against any free credit balances in the IRA
    • Checks may be written against the net asset value of the money market fund shares
    • Client must maintain total equity of $500

Direct Deposit
Available.

Account Statements
A standard monthly statement is provided. A consolidated monthly account summary of your IRA Resource account and other NMIS accounts you have linked to it is also available.

Access to Account Information
Online access to your account information is available 24 hours a day, 7 days a week through our secure website. Automated telephone service to access your account information is also available. (800) 926-5964.

18Payments Related to Cash Sweep Options
NMIS also receives additional compensation from Pershing based on assets held within the automatic cash sweep options offered within NMIS accounts. NMIS has made various cash sweep options available to NMIS clients. Depending on the fund selected and subject to certain fee waivers, NMIS may receive up to 0.75% (e.g., $75 on a $10,000 investment) per year from Pershing, LLC based on the assets NMIS clients hold within these cash sweep options, a portion of which is paid to financial representatives on brokerage accounts. During the previous calendar year, the average amount NMIS received from Pershing, LLC under these arrangements did not exceed 0.20% (e.g., $20 on a $10,000 investment). Pershing, LLC also credits NMIS with a rebate up to 0.35% (e.g., $35 on a $10,000 investment) per year based on uninvested cash in customer accounts not electing a sweep option.

19Unlike money market mutual funds, the FDIC-insured deposit program provides clients with access to FDIC-insured deposit accounts. The program’s sponsor allocates each account’s cash to one or more deposit accounts held at participating banks. Funds maintained at participating banks are FDIC-insured up to $250,000 per bank for each category of legal ownership, for a total of up to $250,000 of FDIC insurance. Because all client balances held at a participating bank are aggregated, clients who have CDs or other deposit accounts at a participating bank could exceed FDIC limits.

Those invested in the FDIC insured bank deposit program receive a terms and conditions document instead of a prospectus.

20For more complete information, including investment objectives, risks, charges, expenses, and other information about the investment company, please contact your financial representative for a prospectus. Carefully read the prospectus or terms and conditions document and consider this information before investing.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, they offer no guarantee to do so and it is possible to lose money by investing in them.

The interest earned on the FDIC insured deposit account may fluctuate and may be greater or less then the current yield on a money market fund investment.

NMIS is a member of SIPC (Securities Investor Protection Corporation), which protects the value of securities in customers’ accounts up to $500,000 (including up to $250,000 for claims for cash). SIPC does not bail out investors when the value of their stocks, bonds and other investments falls for any reason. Instead, SIPC replaces missing stocks and other securities where it is possible to do so even when investments have increased in value. SIPC does not cover individuals who are sold worthless stocks and other securities. An explanatory brochure concerning SIPC is available upon request or at www.sipc.org.

In addition, NMIS’ clearing firm, Pershing, LLC has obtained excess account protection for client accounts. The coverage provides excess account protection for assets held in custody with Pershing LLC and its London affiliate, Pershing Securities Limited, up to an aggregate limit of $1 billion, of which $1.9 million may cover cash awaiting reinvestment at the individual account level. Assets held at a custodial institution other than Pershing or other assets not held at Pershing are not protected by the excess SIPC coverage.

SIPC coverage does not protect against potential losses due to market fluctuation.

All securities are offered through Northwestern Mutual Investment Services LLC, (NMIS), Suite 600, 611 E. Wisconsin Avenue, Milwaukee, WI 53202, 1-866-664-7737. Member FINRA and SIPC. NMIS is wholly owned by Northwestern Mutual.

NMIS is an affiliated company of Northwestern Mutual. Northwestern Mutual is not a broker-dealer.

 

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