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!
- 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