Eligible Depositors: Individuals, businesses, corporations, commercial depositors, public funds and non-profit organizations.
- Automated transfers between your primary checking and SWEEP account at end of day – eliminates need for manual transfers.
- Assign primary checking target balance as ZERO and SWEEP account will receive the concentration of your pool of cash funds.
- Unlimited number of transactions to support your cash flow needs.
- ATM/debit card access and Internet banking is available for SWEEP accounts.
- Insured by FDIC according to FDIC coverage guidelines.
- Minimum balance must be maintained at $25,000.00 or there is a $25 fee.
Current Rates
Effective Date: Sunday, November 17, 2024
BALANCE | INTEREST RATE | APY |
---|---|---|
Below $1,000.00 | 0.84642% | 0.85% |
$1,000.00 to $24,999.99 | 0.84642% | 0.85% |
$25,000.00 to $99,999.99 | 0.84642% | 0.85% |
$100,000.00 to $499,999.99 | 0.94553% | 0.95% |
$500,000.00 to $999,999.99 | 1.68575% | 1.70% |
$1,000,000.00 and over | 1.78404% | 1.80% |