Insured Deposit Program

You receive the following advantages: extended FDIC insurance of up to $1,750,000 per account, and the opportunity to earn more interest on your cash balance than it may be earning in your current cash sweep investment.

It is expected that — although we can’t guarantee it — the interest rates payable under the IDP will be competitive, and will remain competitive with rates available through other cash sweep programs.

Interest rates and tiers are defined each month by BB&T based upon current market conditions. You may obtain current interest rates at any time by clicking the View interest rates>> link at the top of this page or by contacting your BB&T Relationship Manager.

For a nonmanaged account, such as a custody account, you will need to give us positive consent in order to enter the program. If you give us consent, we will transfer your entire cash sweep investment balance into the program.

For a managed account, such as an investment management agency or trust account, you will not need to give us positive consent. We will transfer your entire cash sweep investment balance into the program 30 days after the date of the letter we sent announcing the program, unless you contact us and ask that we not place you in the program.

The program currently offers $250,000 of FDIC coverage per Program Bank in which we are able to deposit your funds, up to $1,750,000 in total coverage. FDIC covers both the principal and accrued interest in each account for any bank that fails.

The coverage outlined above is available per FDIC account type. Each account type is calculated separately (individual versus joint versus trust versus business) – so a joint account and an individual account can each have up to, for example, $1,750,000 (for a total of $3,500,000) and each would be fully covered by the applicable FDIC insurance under the IDP. For a more detailed explanation, please consult the FDIC website (www.fdic.gov) or contact the FDIC, Office of Consumer Affairs, by letter (550 17th Street, N.W., Washington, DC 20429),
by phone (877-275-3342 or 800-925-4618 (TDD), by email (dcainternet@fdic.gov).

If you have a cash balance greater than the amount for which we are able to obtain FDIC coverage by depositing in multiple program banks, then the excess amount will not be insured.

Any uninsured balances that you have in the program will placed with BB&T. You have the option to sweep deposits in excess of a stated amount to an alternative cash sweep investment. If you are interested in this option, please contact your BB&T Relationship Manager.

DBTCA is a fully owned subsidiary of Deutsche Bank, one of the largest banks in the world, with assets exceeding one trillion dollars.

DBTCA is the program sponsor, assists in the administration and recordkeeping for the IDP, and acts as the intermediary bank for the program.

We act as agent for your account with the program banks.

No. There are no explicit fees for participating in the program. BB&T may earn fees from the program, which are collected from the program banks.

Custody accounts, agency accounts and fiduciary accounts (not including IRAs, other IRS section 4975 accounts and ERISA plans).

Plan accounts subject to ERISA, IRAs, and other Section 4975 accounts may not participate in the program.

Any available cash you have will be swept into the IDP in the same manner as the current money market fund sweep.

No. We will continue to sweep all available cash every day down to the penny.

No. There is no minimum balance required.

No. We, as the agent, continue to withdraw money from the IDP as needed to satisfy debits created in your account.

Yes. We will continue to offer the other cash sweep options which we have traditionally offered. Please contact your BB&T Relationship Manager for more information.

Current rate information can be found by clicking the View interest rates link at the top of this page. You may also contact your BB&T Relationship Manager to obtain this information.

There will be a separate line item in the listing of investments held that lists the balance in the IDP. Deposit and withdrawal activity will be reported in aggregate totals for the statement period, in the same manner as your cash sweep activity is currently reported.

As ordinary income.

The agreement currently in place for your account will not change. If you participate in the IDP, the terms and conditions for the IDP will become a supplement to your account agreement.

No. You will not receive a passbook or certificate for your IDP. Evidence of your ownership is reflected in our books and records as the agent and, therefore, on the statement you receive, as is the case of a money market fund.

Please refer to the Program Bank List in the resources section below.

Yes. The list of program banks may change from time to time as more banks are added or removed from the program.

Yes. You may wish to eliminate any bank with which you already have an account, if the combined total you have in that bank and with us would exceed $250,000. You are responsible for monitoring this list. To eliminate any specific bank, simply contact your BB&T Relationship Manager.

You may at any time obtain a current listing of the amounts of your funds deposited in the various program banks by contacting your BB&T Relationship Manager.