Sweeps and MMDAs
Commercial Money Market Sweep Account
We can sweep your excess checking funds into a high-rate, interest-earning account, maximizing the value of your money. This FDIC-insured account (up to $100,000) allows for a greater return, while giving you total liquidity.
Repurchase Agreement Sweep Account (REPO)*
Sweep excess checking funds into a high-rate account that is backed by U.S. Government Securities. The rate you earn is based on the high rate paid on the Securities. Plus, you will receive a daily notification of your investment.
Money Market Accounts
Choose from these two great options:
- Basic Money Market Account - earns interest when you maintain an account balance of $20 or more. If your daily minimum balance is $1,000 or more, we’ll also waive the $7 monthly fee.
- Tiered Money Market Account - earns interest when you maintain a minimum balance of $5,000. Interest rate increases if you maintain balances greater than $25,000, $50,000, $150,000, and $1,000,000. If the balance drops below $5,000, the account incurs a $25 monthly fee.
For more information or to open an account, please visit one of our locations.
*Repurchase Agreements are not insured by the FDIC;
Repurchase Agreements are not deposits or other obligations of the institution and are not guaranteed by the institution; and,
are subject to investment risks, including possible loss of the principal invested.