Corporate Sweep Details

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.

Sweep Account Advantages:

• End-of-day sweep so investment balances are maximized.
• Adjustments to maintain the target balance are made in and out of the sweep automatically each day. Most of our customers use their target balance to cover transaction costs for their commercial checking account.
• Depository accounts and investment accounts can all be linked.
• The funds in your investment account will be used each business day to acquire a repurchase agreement.

Please speak with a First Trust banker regarding interest rates and the sweep agreement.