FDIC-Insured - Backed by the full faith and credit of the U.S. government
FDIC-Insured - Backed by the full faith and credit of the U.S. government
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Financial Insights

Interest-Bearing Sweep Account

Generate extra revenue without any extra effort.
Maximize returns on excess funds
Earn competitive interest
Set up automatic transfers from operating account

Put your money to work around the clock.

Businesses are always looking for ways to add to their bottom line. With Sweep Accounts, you can enjoy a new revenue stream without devoting a single employee to keep it going.

Here's how it works: Your business sets a target balance for its central operating account. When the balance rises above that, Berkshire Bank automatically moves funds into an interest-bearing Sweep Account. The money might stay there overnight or for weeks at a time, depending on your cash-flow circumstances. When your operating balance dips down, we shift funds back to your central account.

  • Maximize use of your excess balances
  • Earn competitive interest rates
  • Save time and staff effort with automatic transfers
  • Monitor sweeps accounts with Online Banking and Mobile Banking

Berkshire Bank is a full-service financial institution with branches in MA, CT, VT, NY, and RI.

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