Commercial Cash Sweep
Commercial Cash Sweep accounts help our large business customers earn a return on excess cash in everyday checking accounts.
When your account rises above a predetermined level we'll automatically move funds from your company's checking account into a Sweep account at the end of each day.
Once you earn interest on that excess cash, it flows back into the checking account the following morning. Now that's an efficient use of your business' funds. See if it's a good fit for your company!
- Make your funds earn money efficiently
- Competitive rates
- Levels you determine
- Effective cash management
- Completely automated
Though the account is not FDIC-insured, your company's funds are protected by the bank's pledge of securities covering sweep account balances.