Don’t let funds sit idle. Maximize your interest earnings while covering all withdrawals.
- Competitive Interest
- Saves Time
- For high-balance and high-volume commercial checking accounts1
- Earn interest on excess collected balances
- Balances sweep into and out of the account based on targets established by the bank
- Fully automated sweeps — reducing missed investment opportunities
- Save time — eliminate responsibilities of managing and timing transfers of idle cash between your checking and investment accounts
- Excess checking account balances work for you, earning interest, instead of sitting idle
- Earnings are credited to your account daily
How it Works
Our Commercial Sweep Account operates by establishing a target balance for your checking account. On a daily basis, collected balances above that target are automatically swept into your repurchase agreement investment. Funds are swept out of the Commercial Sweep Account to maintain the required balance, if the account falls below the target.
1Important information concerning this account:
- Investments in securities, annuities and insurance are not insured by the FDIC or any federal government agency;
- Investments may lose value;
- Investments are not a deposit or other obligation of, or guaranteed by, any bank or affiliate;
- Investments are subject to investment risks, including possible loss of the principal amount invested.