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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, contact an AnchorBank business banker at 1-800-252-6246 ext. 4104 or 608-259-4104.
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