Put your idle funds to work.
Have excess cash automatically swept into an interest-bearing account.
DETAILS
- Available to business customers with a Community Savings Bank business checking account
- Keep your money working for you, automatically
- Maintain target balances while maximizing interest earnings
- Designate a target checking balance
- Excess funds are automatically swept into and interest-bearing Investment account
- Principal is automatically transferred back into your checking account the next day
- Funds are swept back over to your checking should you fall short of your balance
- Interest paid according to a daily balance level
- Interest credited every statement cycle
- Designate a target checking balance
- Utilizes retail repurchase agreements (REPOS)
Sweep rates are market related and may change at any time. Each depositor will receive a daily confirmation by FAX, electronic or postal mail on securities used for securing their Corporate Sweep Manager. The fee for the Corporate Sweep Manager is $28.00 per month. This fee can be incorporated into your monthly account analysis or paid as a flat fee.
REPOS ARE:
- NOT A DEPOSIT
- NOT FDIC INSURED
- MAY NOT BE INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- NOT GUARANTEED BY COMMUNITY SAVINGS BANK
- MAY GO DOWN IN VALUE (IF APPLICABLE)
We've got your needs covered
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