Business Sweep Accounts give you the opportunity to earn interest by transferring or “sweeping” your balances into an account backed by government securities.
- Available to all businesses
- Online banking and online banking with bill pay are available
- 24-hour access to First Connection telephone banking
- Monthly statements with check images (paper or electronic)
- Tiered interest rates for higher interest-earning potential
- Variable interest rate
- $25,000 minimum account balance
- Plan I: Retained collected balance is set to cover the bank’s cost for handling the account. Monthly monitoring is required to maintain the retained balance.
- Plan II: Retained collected balance is permanently set at $100.00. The account is charged for the bank’s cost of handling the account.