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).
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.
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)