A sweep account is a great way to maximize funds that would otherwise just sit in your account. There's no need to sign up for a separate investment account or make additional deposits. In fact, you don't have to do anything. All money over a certain amount simply earns interest, and our Business Select Checking customers are rewarded with higher interest rates.
If you already have a savings account, there's no reason you shouldn't make it a sweep account. It's easy to upgrade.
Call one of our Business Bankers at (203) 453-2721 or stop by your local branch to get started today.
Disclosure : Sweep accounts are not FDIC-insured. They are not a bank deposit nor guaranteed by the bank, however, they are fully collateralized by government securities set aside by the bank.