Don’t let money sit idly by. Put it to work with an automatic sweep account so you can earn interest, or even pay down your line of credit.
- Maximize your business’s funds
- Save money, earn money
- Flexible options available
- Linked to your FVSBank business checking account(s)
- Excess funds automatically swept to interest-bearing account or to pay down your line of credit
- Money market
- Business line of credit
- Business savings account
- Funds automatically sweep back to checking account if needed
- Funds are secure
How It Works
- Determine a target balance to keep in your checking account.
- Choose any of the sweep account options you want:
- At the end of the day, your checking account debits and credits are computed to arrive at your current balance.
- Any idle collected balances are swept automatically to the option you choose, earning interest or paying down a line of credit.
- Funds are swept back into the checking account as needed to maintain the target balance and cover any withdrawals or checks presented for payment.