When you exceed the target balance for your business, you can make your excess operating funds work for you. Automatic Investment Sweep is a partnership with Federated Investors, Inc. that provides you with an overnight investment fund that is both easy to use and earns a competitive yield. In addition, your funds are available to you when you need them.
Federated Investors invests the funds in non-deposit investment vehicles that are not covered by FDIC or DIF depositor’s insurance until they are "swept" back to the bank. These products are subject to investment risk, including possible loss of value. While the funds are deposited with Federated, the customer is a secured creditor and will receive payment for the value of the assets held.
Call a Cash Management Officer today and discover how easy and convenient managing your business online can be.