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.

 

* Investment Services and Money Market Mutual Fund Sweeps are not deposit products, are not FDIC Insured, not guaranteed by Enterprise Bank, not insured by any government agency and may lose value.
To speak with one of our trusted advisors about your needs, call 978-459-9000 or Contact Us