Business > Cash Management > Sweep Products

Investment Sweep
Put your excess funds to work earning interest through our Investment Sweep service. Liquidity is maintained while every excess dollar is earning interest daily. We will automatically transfer excess balances into, and needed funds from, an interest-earning investment account.

• You continue to write checks and make deposits from your operating bank.
• At the end of each day, a positive or negative balance is swept by an automatic transfer of funds to or from a sweep investment account with us.
• Your operating account can either be a zero-balance account or you can assign a target minimum balance to “sweep” down to.  
• The interest rate paid is based on the federal funds rate.

Credit Sweep
Used as an overdraft tool, a Credit Sweep automatically draws daily needed funds for your operating account from your Line of Credit at the end of each day.

Excess funds in your operating account can be used to automatically pay down the Line of Credit; reducing the interest accrued (optional). 

Combination Investment and Credit Sweep
We can set a combination of both services for you.

• At the end of each day, excess funds will be used to pay down your Line of Credit. 
  • Any funds left over will sweep to your investment account.
• A negative balance in your operating account will be automatically drawn from your investment account.
  • If additional funds are needed, we will then draw from your Line of Credit.