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Our Commercial Sweep Account is designed to meet the money management needs of the business professional by allowing you to earn interest on the excess funds in your business checking account. |
Our Sweep Account* offers unlimited prearranged automatic "sweeps" to and from your commercial accounts to maximize your earnings potential at a competitive, tiered interest rate. You simply select a target balance for your commercial checking account and each day we will sweep any available funds in excess of the target balance amount into an investment account for the business.
The interest you earn is set by the Bank and is computed using a simple interest rate and paid monthly into the account.
Related Accounts/Services:
- Business Checking Account
- Business Savings Accounts
- Commercial Loans
*The repurchase agreement is not guaranteed by the United States Government or any agency of the United States Government. The Repurchase Agreement is not a deposit and is not insured by the FDIC or DIF.