Investment Sweep
Investment Sweep allows you to earn a money market rate on your excess cash balances by linking your checking and investment accounts.
Benefits of Using Investment Sweep
-
Let Your Cash Work for You
Put excess cash balances to work for you by earning money market rates every night. Excess cash is swept out of your checking account to be invested when available, then transferred back the next business day to cover payment obligations. -
Enjoy Convenient Account Access
Spend your checking account funds with confidence, knowing that funds will be available when you need them. The target balance you want will be there each morning, so no on-going investment decisions are required! -
Make Stock Purchases
Your money is available as cash in a brokerage account, making it easy to make quick stock purchases.