Sweep Investment Account
Did you know you can earn interest on excess investable balances? With the Sweep Investment Account, you can have excess operating funds from a checking account automatically invested into an overnight Repurchase Agreement. The Repurchase Agreement Sweep offers a secure investment backed with U.S Government Treasury or Agency Securities.
There’s a tiered rate structure designed to offer competitive market rates to small- and mid-sized companies. There’s no investment cap limit, which increases safety and security for funds that exceed FDIC-insurance limits. And it’s easy and convenient to track your Sweep Investment Account with ebiz Online Banking.
A loan account can also be added to the sweep service. This gives you the option to have excess funds pay down the outstanding loan balance first with any remaining excess funds transferred to the investment account.