Business

Sweep Accounts

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.

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