Excess/Deficit Sweep
Don't let your cash sit idle
Increase interest income by transferring excess funds to an investment account - or reduce interest expense by using excess funds to pay down your line of credit.
- Money Market Sweeps bring tiered rates based on your daily balance and access to cash when you need it (limit six withdrawals per month).
- With Repurchase Agreement Sweeps (Repo accounts), funds above a target are automatically moved to a high-investment grade security or U.S. government-backed account, providing safety and the liquidity of daily maturity.
For more information about Sweeps, contact our Treasury Management specialists at 414.466.8000.