Investment Sweep
First Commercial Bank’s cash management services can help your investments reach their highest potential.
Effectively manage excess funds with cash sweeps.
Setting up an investment sweep account with First Commercial Bank not only allows your company or public entity1 an excellent way to maximize investments, but also allows you to maintain control over daily liquidity needs. This convenient cash management service transfers—or "sweeps"—a preset target of excess funds from your operating account into Dreyfus Cash Management Funds.2
First Commercial Bank’s Investment Sweep service offers companies and public entities1 an excellent way to maximize investment potential while maintaining control over daily liquidity needs. The service transfers or "sweeps" funds in excess of a preset target from your operating account into Dreyfus Cash Management Funds2.
FEATURES YOU'LL LOVE:
- Automates investment of excess funds
- Nightly cash sweep after checks and other debits are made
- Provides ready access to operating funds
- Dividends accrue daily, paid during the first week following month-end