First Trust Bank's Corporate Sweep Account automatically connects a First Trust Commercial Checking account with an investment account. It allows our business customers to have a secure way to maintain large deposit balances, maximize investment returns on excess cash, and allow for a high level of checking account activity.
You are a likely candidate for First Trust's Sweep Account if you have average monthly collected balances greater than $30,000 (after compensating balance requirements) or are a business that has significant fluctuations in excess cash positions.
Please speak with a First Trust banker regarding interest rates and the sweep agreement.
For more details, Contact us for an Account Disclosure. Limited electronic and telephone transactions on savings and money market accounts. You may make an unlimited number of transfers and withdrawals per month if made in person, by messenger, or by mail. You may also make 6 pre-authorized, automatic, or telephone transfers including data transmission, ACH and Internet Banking transactions on the savings account.