Investment Sweep Service*
Let Broadway Bank help you keep excess cash invested at all times. Our Investment Sweep solution automates investing excess cash through an external money market investment fund, eliminating idle funds in your checking account.
Benefits of Investment Sweep:
- Increase Efficiency. The sweep solution automatically cash positions your account and moves monies between the fund and primary checking account on your behalf.
- Maximize Interest. Because the sweep moves all excess collected funds into a money market investment fund, interest earnings are maximized.
How Does Investment Sweep Work?
- Specify a target balance, if desired, for your primary checking account.
- Excess funds are automatically transferred into the investment account on your behalf. Conversely, when a shortfall occurs, funds are moved from the investment into the related checking account.
Contact Treasury Solutions
Contact our Treasury Solutions team today to see how you will benefit from modern banking that’s locally sourced and personally delivered.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.
*A separate agreement and fees may apply.
