Managing multiple business bank accounts? Optimize your cash by consolidating funds, maximizing interest earned, and minimizing interest paid through an automated sweep account.
What Is A Sweep Account?
A sweep account lets you keep your money working for you automatically and maintain target balances while maximizing liquidity.
Benefits of Using A Sweep Account:
- Automatically consolidate excess cash and deficit balances with a Zero Balance Sweep Account
- Increase interest earnings on excess funds with an Investment Sweep Account
- Reduce interest expense with a Line of Credit Sweep Account
- Investment Sweep Account is backed by U.S. agency securities, making it a very safe investment
Open A Sweep Account
Sweep accounts are available to West Shore Bank’s business checking customers. To open a sweep account, or apply for a business checking account, contact us or visit one of our nine locations in Ludington, Frankfort, Hart, Manistee, Onekama, Scottville, or Traverse City. For over a century, West Shore Bank remained committed to helping the people and businesses of Michigan to improve their financial well-being.