The easiest way to invest your excess operating cash is with a sweep account. First we will work with you to determine the optimal target balance to keep in your operating checking account. Then we’ll set up a daily sweep to move any excess to a sweep account.
Cash Sweep Account
Funds swept to a Cash Sweep Account earn interest overnight and, if necessary, can be automatically swept back the next day to cover any operational needs. All for just a $25 monthly fee.
Insured Cash Sweep Account
Insured Cash Sweep, which comes with the same features and cost as a Cash Sweep Account, allows your sweep balances to be fully FDIC-insured up to $75 million through our participation in the Promontory Network.