Anchor offers various options in terms of sweep accounts. Talk to a cash management specialist for additional information.
Zero Balance Account - Zero Balance Accounts can benefit businesses that maintain separate accounts for accounting purposes, but do not want to maintain balances in every account.
Repo Sweep Account – Like two accounts in one. The base account works exactly like a regular business checking account; the REPO account acts just like an interest-paying liquid investment.
Line of Credit Sweep Account – This account provides for better cash management and saves money by reducing interest charges and eliminates manual funds transfers to/from the line of credit.
Investment Sweep - Investment sweeps are also available.
For additional information about sweet accounts, contact an AnchorBank Cash Management Specialist at 1-800-25 ANCHOR (252-6246) ext. 4104 or 608-259-4104.