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Account Sweeps

Account Sweeps

Summary

This cash management tool is an effortless way on your part to earn interest on every available dollar—even before you know it's available.

  • At the end of each day, automatically transfers excess funds to an interest-bearing account
  • Earns interest overnight instead of just sitting there
  • Excess funds are determined by a preset limit that you establish
  • Excess funds can be swept to your line of credit instead, paying down your balance and reducing interest expense
  • If your checking balance drops below your preset limit, automatically sweeps funds into the account from your savings or money market account
  • Prevents overdrafts