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

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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.3

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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.

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A separate agreement and fees may apply.

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