Sweep Accounts
You have a business to run. Managing the books shouldn’t consume your time. FSG’s Investment and Line of Credit Sweep Services act as your personal cash manager, automatically moving your excess cash balances for each day so you can focus on doing what your business does best.
All funds are available for posting day-to-day transactions, too, meaning there’s a much lower risk of overdraft on your account.
Investment Sweep
Automatically build interest on your daily remaining cash balance. With our Investment Sweep, there are no more reminders to transfer the money and no lost interest because you forgot. Once your daily transactions have posted, FSG moves the remaining balance* to a competitive interest account so you can see it start to grow.
Line of Credit Sweep
Keep your interest expense to a minimum with the Line of Credit Sweep. Using this Sweep, FSG automatically pays down your company’s line of credit with remaining cash balances 1 for the day.
Combination Sweep
You can also give your business the best of both worlds. Roll FSG’s sweep services together in the Combination Sweep and pay down your line of credit before transferring your money to the interest-building investment account.All Sweep Services are available through Online Banking, so you can track funds movement on a daily basis.
- Amount is moved to the Sweep account after adjustment of the target balance.
