Keep your assets liquid and maximize your investments with the Business Investment Account.
Our Business Investment Account, or "sweep" account keeps your idle funds working for you. It's the perfect account for your business if you want to earn interest on excess balances and automate your investment of funds.
Account automatically "sweeps" excess funds held in your commercial checking account each evening into a repurchase agreement investment account to provide you with an investment return
This investment is not a deposit and is not insured or guaranteed by the FDIC or any other government agency
The bank takes the necessary steps to assure that the investment meets the requirements of a "qualified financial contract" under the Federal Deposit Insurance Act
Confirmation notices are sent to you daily which identify the collateral supporting your overnight investment
Funds are "swept" back into your checking account, effectively allowing you to earn interest on your balances while still having availability to use those funds the next day for transactions
Increased efficiency – the automatic investment of funds eliminates the time required to estimate the amount of good funds available for investment
Lowered costs – funds invested are 100% liquid and are fully collateralized