Repurchase Agreement Sweep Account
An automated investment vehicle that "sweeps" excess collected funds from your operating account into an investment account. Funds in the investment account are used to purchase securities from First Choice Bank on a daily basis through an agreement in which the Bank agrees to purchase the securities back from you when funds are needed in your operating account.

 

• Funds are invested in US Government Agency Securities - Triple A rated bonds.
• FDIC insures the uncollected balances in the operating account up to $100,000.
• Excess operating cash provides an excellent means of earning interest.
• Investment dollars are very liquid for operating purposes.
• Time and effort of managing cash flow is reduced or eliminated.

 

Investment Sweep Account*
An automated investment vehicle that “sweeps” excess funds from your operating account into a money market investment account. If your operating account balance drops below the "sweep point", cash is automatically "swept" back from the fund portfolio into your business account to maintain the minimum balance.

 

• Income-producing opportunity for your company, earnings should offset costs.
• Dividends earned on every dollar invested until your checks clear.
• Dividend income declared daily and paid monthly.
• Investment diversification in a high-quality money market portfolio.
• Easy-to-read monthly statements showing all fund activity and income earned
  in your account.
• Flexibility to link multiple accounts to your Investment Sweep Account.

 

*Shares of Mutual funds are not deposits or obligations of, or guaranteed or endorsed by, any financial institution; are not FDIC insured, and involve risk including the possible loss of principal amount invested.