Sweep Accounts

These services provide an attractive investment vehicle for excess balances in your commercial checking accounts. Funds above a specified “target” balance are swept to an overnight investment account or line of credit, potentially enhancing your company’s yield on its cash balances. Ask your relationship manager for more information!

Highlights

• Put your idle funds to work for you
• Maximize investment balances
• Increase profitability
• Funds are swept into an interest-bearing account or against a line of credit overnight
• Funds are available in your checking account the next day
• Fully automated and secure
• Investment sweep products are not FDIC insured