Special sweep accounts that offer higher interest earnings.
Investment Sweep Account Options
We offer a variety of Investment Sweep Accounts that will help your business make the most of your excess funds.
- Cash Management Sweep Account: This account is a special repurchase agreement relationship in which all balances in an interest-free account above a specified figure are automatically transferred each night into an interest-bearing investment pool. This account can also be linked to a Business Line of Credit.
- Business Cash Management Account: Funds are “swept” each day from the customer’s checking account to repurchase agreements. The repurchase agreement is an arrangement by which the customer leaves money with the bank for specified time and earns interest, which is secured by a specific government security.
Visit a Chemical Bank office near you or call our Customer Care Center at (800) 867-9757 and ask us about the benefits of our Automatic Sweep Accounts.
Investment Sweep Account products are not bank deposits, not insured by the FDIC or any other government agency, not guaranteed by Chemical Bank, and may go down in value.