Understanding Cash Sweep Accounts
A cash sweep account automatically transfers excess funds from a business checking account into an interest-bearing account.
This helps businesses earn interest on idle cash while maintaining liquidity.
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https://www.firstportcity.com/treasury-management/
Benefits of Cash Sweep Accounts
Cash sweep accounts help businesses:
• maximize interest earnings
• maintain liquidity
• automate account management
Businesses can also explore Business Banking Services here:
https://www.firstportcity.com/business-banking/
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• What Are Treasury Management Services
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Frequently Asked Questions
What is a cash sweep account?
A cash sweep account automatically transfers excess funds into interest-bearing accounts.
Why do businesses use sweep accounts?
Sweep accounts help businesses earn interest on idle cash while maintaining access to funds.
