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Broadway Bank Contact Form

Investment* Sweep Service

Let Broadway Bank help you keep excess cash invested at all times.

Broadway’s Investment Sweep Service can automatically invest your company’s idle balances. Just specify a target balance for your primary deposit account and we do the rest! Based on each day’s account activity, we automatically transfer funds between your primary deposit account and a high quality mutual fund.

Investment Sweep Service

The benefits of Investment Sweep?

  • Increase earnings. Keep excess cash invested at all times for maximum return.
  • Eliminate overdrafts. Have funds automatically swept from your investment fund to checking as needed.
  • Increase efficiency. The automated sweep system means less staff time spent monitoring, handling and forecasting your daily cash position.
  • Specify your desired "target" balance for your primary deposit account (DDA).
  • Broadway links your DDA to the specified fund through our deposit and "Cash Manager" Systems.
  • At end-of-posting each day, we automatically make transfers to meet the DDA’s target balance.
  • Broadway makes the actual transfer to or from the investment fund the following morning.
  • Each month, investment statements are produced and dividends are credited to your checking account.

*INVESTMENT PRODUCTS:
NOT FDIC INSURED • NOT A DEPOSIT
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
NOT BANK GUARANTEED • MAY LOSE VALUE

Have a question? We are happy to help.

(210) 283-6724(800) 531-7650
Broadway Bank. We're here for good. Equal Housing Lender. Member FDIC