Create more with the Sweep Account
Operating a successful and profitable business requires maximizing investment opportunities. At Enterprise Bank, we have a tool that lets you invest automatically -- the Sweep Account. It enables you to put your idle funds to work at a competitive interest rate while retaining total liquidity. Sweep customers have the option to choose between our FDIC-insured Cash Manager Account and the investment-driven Money Market Mutual Fund Sweep Account*.
Here's how it works:
- We analyze your account activity to establish a target balance, and work with you to determine the best solution for your needs.
- Each night, after all transactions have been posted,we automatically sweep all balances in excess of your target balance into an investment account.
- Conversely, if your operating account falls below a target balance, we transfer funds from the investment account.