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Guaranty Bank automatically moves idle funds in your corporate non-interest bearing demand deposit
account into a money market investment account. You can set the target balance in your demand deposit account
to support bank services and any collected balances in excess of the target amount will be swept
into your investment account. Guaranty Bank offers a variety of money market mutual funds,
both taxable and tax-free, and all AAA rated by the various rating agencies (ask for a current prospectus).
All investments are calculated at the end of the business day for next day investment, ensuring
that all transactions have been included when determining the target and collected balances.
Your Sweep Investment Account remains liquid at all times and funds are redeemed automatically.
The investment dividends are paid on the first business day after the close of business of an
investment month.
Features of Sweep Investment Account
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- Reduces the need to maintain idle balances in anticipation of checks clearing
- Automates the transfer of investable funds without daily communication
- Offers customers additional investment income while maintaining liquidity
- Reduces time required for daily treasury management activities
- Provides competitive investment return on otherwise uninvestable funds
Money Market Mutual Funds are:
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