Sweep Account
Funds are transferred from your existing Hyperion Bank Money Market or Savings account allowing you to earn interest on the excess balance in your business checking.
- Summary
If your business has high average monthly collected balances or significant fluctuations in excess cash, a sweep account turns your business checking into a working investment vehicle.
Sweep Account advantages:
- End-of-day sweep maximizes investment balances
- Your target balance is maintained daily
- Depository accounts can be linked
Please speak with a Hyperion Bank business banking representative regarding interest rates and the sweep agreement. Checking account transaction fees still apply.
