Excess cash is put to work for you overnight by paying down your line of credit, or it is invested to pay a high rate of return.
Automated Loan Sweep
Automatically pay down or draw from your line of credit. more
- Minimize interest expense while maximizing Balance Earning Credit or interest income.
- No daily draw decision; reduce the time it takes to review and manage daily cash.
- Funds are swept after balancing, avoiding overdrafts and uncollected funds usage.
- Manageability of daily cash flow increases.
- Liquidity is maximized.
- Increases staff efficiency by reducing the need to monitor, process and forecast cash position.
Automated Investment Sweep
Automatically invest excess cash balances overnight to earn a higher rate of return. more
- With our Automated Investment Sweep service, you can transform idle balances into hardworking investments and make the most of your organization’s funds.
- Because all the transactions are done automatically, you will not have to commit your time and expertise to calculating your investment amount or performing nightly transactions.
- Your unused balances can earn money market rates every night, without having to keep those funds in an inaccessible money market account all the time.
- Investments are liquid. Excess cash is swept out to be invested when available and back in the next business day to cover payment obligations.
Investment Sweep Products and Services offered through Fidelity Investments Institutional Services Company, Inc. (FIIS) are:
(1) NOT insured by the FDIC or any federal or state governmental agency (2) are NOT deposits or other obligations of, or guaranteed by, Zions Bancorporation or its affiliates (3) and MAY be subject to investment risks, including the possible loss of principal value or amount invested