STAR Ohio affords the participants a convenient tool for investing in a diversified pool of high quality short-term assets. Safety is obtained by investing in high quality instruments. The fund offers daily liquidity without penalty, and with increased purchasing power, higher yield can be realized. The remainder of the portfolio is invested in fully collateralized certificates of deposit, repurchase agreements, eligible bankers' acceptances and commercial paper. While the fund is not insured, it is backed by the underlying securities of the portfolio.
Participants earn interest on their funds each day.
Income on your investment is compounded daily to your shareholder account and may be liquidated throughout the month. The daily yield on the investment is determined by the investment securities portfolio, less the expenses of the pool. Shareholders may invest in the fund any business day. There is not a minimum amount required for investment in STAR Ohio, nor is there a required investment period. There are no transaction or account maintenance charges assessed to your shareholder accounts.