Make your money work for you by earning interest on excess checking account balances with fully automated overnight investment sweep.
Our sweep accounts allows you to earn money without needing to forecast cash or manage daily trades, and completely liquid, permitting unrestricted use of your checking account without the risk of overdrafts or the inconvenience of manual transfers.
INVESTMENT SWEEP ACCOUNT
If you consistently have excess cash balances in your business checking account, you may be missing out on significant earnings potential on these cash resources. With an automated investment sweep account, excess cash is automatically transferred into an investment vehicle at the end of each day.
Loan Sweep Account
These are similar to investment sweep accounts, except that money is swept from a line of credit into the checking account if the checking account balance falls below zero. Excess balances in the checking account are swept to the line of credit as a principle reduction, thereby reducing interest expense. The sweeps are automatic, with no account monitoring or manual intervention required.
For further information on our Investment Account options, please call or visit your local Presidio Bank office.