- 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)
