Deposit Products – Cash Sweep/Premium Cash Sweep Account
Take Your Business Account to the Next Level
At First Federal Savings Bank, We pride ourselves on serving the needs of our business customers. We recognize the challenges of managing working capital and keeping a business profitable. By instituting a First Federal Savings Bank Cash Sweep/Premium Cash Sweep Account, you have another tool to help your business prosper and grow.
Benefits of a Cash Sweep/Premium Cash Sweep Account
- Earn interest on the idle balances in business checking accounts
- Easy to set up and manage – it’s easy to set up and the automatic transferring of balances between accounts means minimal maintenance
- Unlimited number of transactions to support your business needs
- Seamless integration with your existing business checking accounts
- Choice of using a solution where funds are not swept to an account outside of the U.S. or to an uninsured money fund account
- Peace of mind with expanded FDIC insurance coverage (Premium Cash Sweep only)
You can concentrate on running your business. We will concentrate on managing your cash.
Contact your Market Manager to schedule a demo today!
