Our Automated Repo Sweep invests in overnight Repurchase Agreements, and these investments are secured by obligations of the U.S. Treasury and/or Government Agencies to minimize risk.
Invested funds plus overnight earnings are returned to your operating account at the start of the next business day.
A minimum investment in our Automated Repo Sweep is required.
Non-Deposit investment products are
NOT FDIC INSURED
MAY LOSE VALUE
NO BANK GUARANTEE
Should your liquidity needs change, both the Automated Repo Sweep and Automated Eurodollar Sweep
services can be linked with our Automated Loan Sweep
to reduce borrowing balances and interest expenses.