(RD) Account Sweeps

Account Sweeps

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This cash management tool is an effortless way for you to earn interest on every available dollar — even before you know it's available. Balances that would otherwise be idle are automatically swept to interest-bearing accounts when not in use, and swept back when they are needed.

Details
  • Maximize all funds
  • Increase profitability
  • Excess funds automatically swept to interest-bearing account overnight
  • Funds automatically sweep back to checking account if needed
  • Excess funds are determined by a preset limit that you establish
  • If your checking balance drops below your preset limit, automatically sweeps funds into the account from your savings or money market account
  • Excess funds can be swept to your line of credit instead, paying down your balance and reducing interest expense