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Sweep Accounts

Introducing Treasury Management Sweep Services – the ultimate solution for managing your funds effortlessly! Our local experts have years of experience and offer a full suite of innovative sweep accounts. Let them help you save time, maximize earnings, utilize idle cash, and reduce expenses.

 

TREASURY MANAGEMENT (TM) SWEEP

  • transfers excess checking account balances into a River Bank & Trust savings account
  • earn competitive interest based on tiers – without tying up funds in a money market account
  • funds stay accessible

INVESTMENT REPO SWEEP*

  • automatically transfers excess funds to your choice of investment options
  • maximizes interest income
  • minimizes time spent investing excess cash

INSURED CASH SWEEP (ICS)

  • automatically transfers excess funds from your checking account to pay down your line of credit
  • automatically advances available line of credit funds to your checking account to cover disbursements and restore your target balance
  • minimizes interest expenses – and only advances what you need

ZERO BALANCE ACCOUNT (ZBA) SWEEP

  • automatically transfers funds to sub-accounts when needed
  • excess funds in sub-accounts automatically transfer back to the master account
  • helps you maintain control over multiple disbursement accounts
  • minimizes excess balances

LINE OF CREDIT SWEEP

  • automatically transfers excess funds from your checking account to pay down your line of credit
  • automatically advances available line of credit funds to your checking account to cover disbursements and restore your target balance
  • minimizes interest expenses and only advances what you need

MONEY MARKET SWEEP**

  • automatically transfers excess funds from your checking account to a commercial money market account
  • commercial money market rates are competitively priced based on the current market, helping you maximize your interest income

Please contact your local office for more information.

* not Member FDIC insured

** regulatory limit of 6 debit transactions allowed per statement cycle. Limit of 6 does not apply to in-person or ATM withdrawals. If an account continuously exceeds the debit transactions allowed, we are required by law to reclassify or close the account.