SWEEP ACCOUNT

Keep your operating capital working for you around the clock by having funds automatically swept from your checking account into a sweep investment account. This is an efficient way to earn the maximum amount of interest on your money without sacrificing liquidity.

Here's how it works: anytime your balance goes over a pre-determined amount, that night we will automatically transfer the difference to your linked Consumers repurchase investment account, where it can earn interest until you need it again. When your balance drops below that amount, we'll transfer it back. With this account, you get maximum returns without having to even think about it!

Custom Image
SWEEP ACCOUNT
Summary
  • Maximize returns
  • Earn variable rate of interest
  • Invest excess balances more efficiently
  • Interest calculated daily, compounded and paid monthly
  • Free monthly statement
  • Daily balance and collateral notice provided
  • Automatic electronic transfers to checking account
  • Better management of operating cash
  • Determined by checking analysis
  • Subject to contract agreement
  • Accounts closed within 90 days of opening charged a $15 fee
  • Accounts closed before end of statement period forfeit interest
  • Must be cleared by OFAC and ChexSystems
  • Valid ID and Tax ID presentment required
  • NOT FDIC insured
Not FDIC Insured Not Bank Guaranteed May Lose Value
Not a Bank Deposit Not Insured by any Federal Government Agency