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Interest Checking Sweep Service

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

Broadway's Interest Checking Sweep Service will automatically invest your company's idle balances. Just specify a target balance for your primary analysis checking account and funds will be transferred into an interest-bearing checking account daily.

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The benefits of Interest Checking 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. 

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How does Interest Checking Sweep work?

  •  Specify your desired "target" balance for your primary deposit account (DDA).
  • Broadway links your DDA to the checking account through our deposit and "Cash Manager" Systems.
  • At the end-of-posting each day, we automatically make transfers to meet the DDA's target balance.
  • Each month, bank statements and interest are credited to your checking account.

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Easy Solutions

With business operating accounts, payroll processing, credit cards, lines of credit and equipment loans, we have what it takes to move your business forward.

Local Decision Making

As a regional, independent bank with deep ties in the community, our bankers have an understanding of this market and know how to position you for success.

Experienced Partner

Success lies between knowing you have the personal touch of a small bank paired with the expertise of a Wall Street titan. As the region’s largest and strongest independent bank you get the best of both.

Contact Treasury Solutions

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Contact our Treasury Solutions team today to see how you will benefit from modern banking that’s locally sourced and personally delivered.

Contact Treasury Solutions

A separate agreement and fees may apply.

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