Investment Sweep Account
Surplus cash is something we think most business owners hope to have. The question is, is there something you can do with it to make it earn a little extra for your bottom line? The answer is, yes! Put surplus cash to work with an Investment Sweep Account!*
- Available with repurchase agreements
- Maximize interest income by investing surplus cash on a daily basis
- Maintain liquidity
- Amounts over a predetermined target balance are swept overnight
- Interest-bearing sweep account is collateralized by U.S. Government (or agency) securities
- Minimize internal administration with automated processes, including daily email advices
Need a little more information, or ready to get started? Give us a shout!
Gary L. Sherwin
Vice President - Cash Management
Cash Management Specialist
Business Banking Specialist
*Investments in the Investment Sweep Account are not insured by the FDIC. The product is not a deposit or other obligation of, or guaranteed by, the depository institution. The product is subject to investment risks, including possible loss of the principle amount invested.