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Home > Business Banking > Cash Management > Sweep Account
  • Sweep Account

    Sweep accounts provide your company a competitive rate of interest, convenience and complete reporting with a full array of services all wrapped into one account.

    Act Now!

    Call us at 573.634.1111

    or

    877.554.5535 for more information

    Here's How it Works:

    • Funds are swept from your business checking account into an overnight repurchase agreement (RP)
    • At the end of each business day, all transactions (deposits, securities activities, checks, wire transfers, etc.) will be posted to your account
    • Funds will then be automatically invested in an RP
    • Bank securities are pledged to eliminate the FDIC insurance concerns

    Features:

    • Sweep Accounts offer daily notices and detailed activity on the bank statement
    • Notices include information such as amount invested, interest rate, collateral assignment and market value of collateral

    Equal Housing Lender An Equal Housing Lender. Member FDIC.