How a Sweep Account Works1
Analyzed Business Checking Account funds are reviewed at the end of each business day. This happens after you meet daily transaction obligations. Excess funds automatically transfer into a Sweep Account. Our credit union covers you if your Analyzed Business Checking Account gets below your designated minimum balance level. Funds are automatically swept back to maintain your desired balance. You can determine your daily position and calculate dividends using Business Digital Banking.
Terms and Conditions
1The dividends earned on Sweep balances combines the rates in the four tiers listed above. The funds within each tier earn the disclosed rate. Therefore, the net blended rate is lower than the highest tier rate. Programs (including but not limited to fees, rates, and features) are subject to change without notice. After the account is opened, the dividend rate may change at the credit union’s discretion. Fees may reduce earnings.
