Sweep Accounts

Sweep Accounts

Make sure every dollar is working as hard as you are for your business. Set up a sweep account and earn interest on your idle funds—without spending the time to make daily investment decisions.

Here's how it works: at the end of each business day, we will automatically sweep any amount over the pre-determined threshold balance into the overnight investment fund of your choice. Cash will be swept back into your checking as you need it to cover your expenditures. It's maximum return for minimum amount of work.

Summary
  • Reduce cash management administrative costs
  • Maximize earning potential of idle funds
  • Liquid investment options offer flexibility
  • Detailed monthly report of all activity and earned interest
  • Secure automatic transfers
  • Convenient and simple to set up
  • Target balance always maintained
  • Checking account is FDIC insured