Sweep accounts provide your company a competitive interest rate, convenience and complete reporting with a full array of services, all wrapped into one account.

• Funds are swept from your business checking account into an overnight repurchase agreement (RP)
• At the end of each business day, all transactions (deposits, securities activities, checks, wire transfers, etc.) will be posted to your account
• Funds will then be automatically invested in an RP
• Bank securities are pledged to eliminate the FDIC insurance concerns

• Sweep Accounts offer daily notices and detailed activity with each bank statement
• Notices include information such as amount invested, interest rate, collateral assignment and market value of collateral