Sweep Account
Business Banking Banking Sweep Account
The Sweep Account allows your business to earn interest on money not being used for daily operations. It sets a daily target balance for your business and automatically "sweeps" the remaining money to or from an investment account. It’s an easy and a smart money-management tool.
Features:
- Earn interest on money that is not used for operations
- Automatic transfer of funds
- Pre-determined target balance
- Amount over chosen balance sweeps into Goldman Sachs investment account
- Amount under chosen balance sweeps from Goldman Sachs investment account to maintain operating expenses
- Funds held by the bank for Goldman Sachs investment accounts are not deposits of the bank and are not FDIC insured
Value-added products:
- Visa® business credit cards*
- Business loans and lines of credit*
- Long-term real estate financing*
- Cash management services
- PinnBank for Business—24-hour online banking
- PinnDocs—Electronic statement delivery
For more information or to sign up, contact your local Pinnacle Bank today.
*Subject to credit approval.