Corporate Sweep Manager

Corporate Sweep Manager

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Benefits

Our company does pretty well each month -- we even have a little extra left over. With Corporate Sweep Manager, I don't have to remember to transfer it to an interest earning account. Community Savings Bank does it for me automatically every day. It's a great way to earn a high interest rate on excess funds without having to move it manually each day. What a convenience!

The Corporate Sweep Manager is for larger incorporated clients and provides automatic cash management by utilizing retail repurchase agreements (REPOS).

  • Interest earning
  • Automatic transfers to maximize returns
  • Target balance always maintained
  • E-Statements available
  • Interest paid according to a daily balance level
  • Interest credited every statement cycle

Sweep rates are market related and may change at any time. Each depositor will receive a daily confirmation by FAX, electronic or postal mail on securities used for securing their Corporate Sweep Manager. The fee for the Corporate Sweep Manager is $28.00 per month. This fee can be incorporated into your monthly account analysis or paid as a flat fee.

REPOS ARE:

NOT A DEPOSIT

NOT FDIC INSURED

MAY NOT BE INSURED BY ANY FEDERAL GOVERNMENT AGENCY

NOT GUARANTEED BY COMMUNITY SAVINGS BANK

MAY GO DOWN IN VALUE (IF APPLICABLE)