Business Sweep Account
Increase the return on your excess business deposits by combining your business checking account with an interest bearing repurchase agreement. Excess balance over a target amount is automatically moved to an interest bearing account daily where interest is accrued daily and paid monthly.
- Keep excess funds invested at all times without any manual transactions
- Ready access to all deposits
- No added expense to regular business checking account
- Monthly statements
- Interest bearing account is secured by Government securities
The Repurchase Transactions are not deposits, are not insured by the Federal Deposit Insurance Corporation and are not guaranteed in any way by the U.S. Government or any Agency thereof.