Sweep Accounts

Investment Sweep Accounts

  • Variable Interest Rates
  • Interest calculated daily compounded and paid monthly
  • Free monthly statement
  • Daily balance and collateral notices
  • Automatic electronic transfers to checking account
  • Subject to a contract agreement
  • Accounts closed within 90 days of opening charged a $15 fee
  • Accounts closed before the end of the statement period forfeit interest
  • Must be cleared by OFAC and ChexSystems
  • Valid ID and Tax ID presentment required
  • Not FDIC Insured
  • Not insured by any Federal Government Agency
  • Not a bank deposit
  • Not bank guaranteed; may lose value

Not FDIC Insured

Not Bank Guaranteed

May Lose Value

Not a Bank Deposit

Not Insured by any Federal Government Agency