Investment Sweep
The simple way to handle excess cash balances

Investment Sweep Accounts offer our commercial customers a safe and easy way to earn money on excess cash balances.

Sweep accounts help businesses automatically manage and earn interest on excess funds by investing these funds in U. S. Government or federal agency securities.

To establish a sweep, a target balance (PEG balance) is set for a customer selected master account.  Extraco will set up a repurchase account tied to the master account which sweeps funds in excess of the PEG balance.  Funds maintained in the repurchase account are invested in U.S. Government or federal agency securities.

The master account (account from which funds are swept) must be a non-interest bearing account.

Interest is paid daily.

For more information, contact an Extraco Relationship Manager by e-mail, or call 866-EXTRACO toll-free.

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INSURANCE PRODUCTS ARE NOT DEPOSITS, NOT INSURED BY THE FDIC OR ANY FEDERAL GOVERNMENT AGENCY, NOT GUARANTEED BY EXTRACO BANKS OR ITS AFFILIATES AND MAY GO DOWN IN VALUE. Investment consultants are registered representatives of, and securities are offered through, UVEST Financial Services, a registered broker/dealer and member FINRA, SIPC. INVESTMENT PRODUCTS ARE NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE.