Business Banking: Sweep Accounts

Commercial Bank Sweep Accounts - Memphis, Jackson, Paris, Union CityEstablishing a sweep account for your business is the most efficient way to earn interest on your surplus cash while managing your daily cash position. At the end of each business day, your sweep account keeps your checking account at the pre-determined level and automatically moves all excess funds to an “Investment” account, which is used to purchase securities on a daily basis. This allows you to earn money on the cash you are not using at that moment while retaining quick and easy access to your funds at all times. You have the potential to always keep adequate cash on hand while earning interest on your excess money.

Monthly service charge and minimum balance applicable.

For more information, please contact us at [email protected] or at 1-800-273-8889.

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Commercial Bank Swoosh