The Commercial Sweep account is designed to provide an investment alternative for higher balances.
By automatically moving excess funds from your Business Choice Checking Account into your Sweep Checking each day, your business will enjoy the convenience and interest-earning power of the Sweep Account. Balances in the Sweep Checking are collateralized with U.S. Treasury Securities and earn interest at a tiered rate based upon the daily balance.
Sweep Accounts are not considered depository accounts and therefore are not FDIC insured.
Balances from multiple accounts can be swept into a single Sweep Checking Account allowing you to pool funds for higher-earning power while maintaining separate deposits and checks drawn on individual business accounts.
Call 888-645-4121 or email for more details or to open an account.
