Institutional Banking
Sweep Accounts
Options to help your business maximize earning potential.Investment Sweep Account1
- Designed for clients who seek to maximize liquid funds with an automated movement of excess funds into a collateralized investment vehicle
- Any funds in an Account Analysis Checking over a determined target balance are swept into a secondary account called the Repurchase Agreement
- Funds are swept back automatically to the Account Analysis Checking to support funding needs
- Available to Account Analysis Checking clients
- Business Online Banking is required
Not-for-Profit Sweep Account
- Initial analysis performed on all deposit accounts to determine a target balance to offset service fees
- Once a target balance is established, an Account Analysis Checking and a Sweep Account are opened
- All available funds in the Account Analysis Checking in excess of the target balance are swept into the interest-bearing Sweep Account
- Funds are swept back automatically to the Account Analysis Checking to support any funding needs
- Available to not-for-profit organizations with an Account Analysis Checking account
- Business Online Banking is required
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