Commercial Sweep Account
Sweep it into a money market.
Our Commercial Sweep Account is an investment account tied to a checking account with a minimum balance of $25,000.
- Minimum to open with target balance of $25,000
- The amount over/under the target balance will sweep into/from a Federated Money Market Account (not FDIC guaranteed) on a daily basis
- Amounts swept in/out are in increments of $100
- Interest is paid monthly on the Federated Money Market funds