Sweep Accounts
The most efficient way to earn interest on your surplus cash while managing your daily cash position.
Sweep Account Benefits
- Set a threshold for your balance
- Excess funds are used to purchase securities
- Maintain access to funds at all times
How Sweep Accounts Work
- At the end of each business day, your sweep account keeps your checking account at the predetermined level and automatically moves all excess funds to an “Investment” account, which is used to purchase securities on a daily basis
- The investment account is not FDIC insured and may lose value and is not a CBTC deposit account
- This allows you to earn money on the cash you are not using at that moment, while retaining quick and easy access to your funds at all times
- You have the potential to always keep adequate cash on hand while earning interest on your excess money
*Monthly service charge and minimum balance applicable.
For more information, please contact us at treasury@cbtcnet.com or at
731-884-4201.
*Please DO NOT include any account numbers, social security numbers or any sensitive personal financial information in your emails to us. Information you submit via email is not encrypted and can potentially be read by others.
