Municipal Sweep Account

With our Municipal Sweep Account, we make your money grow – every day.

While you’re busy working, we can automatically sweep your funds into investments, using a Repurchase Agreement* structure. The funds are used to buy a fractional interest in AAA-rated government-issued securities owned by Merchants Bank. The bank buys back those securities the next day, with interest.

We offer customized services to meet your specific needs, and a variety of programs, including:

  • Investment Sweep Program
    • Uses the Repurchase Agreement structure to invest your money
    • Investments are repurchased the next day with interest
  • Zero Balance Account
    • Maintain a general operating account and separate accounts for payroll, petty cash, or other purposes. All funds are concentrated into one operating account. Disbursements are made from subsidiary accounts, which always maintain a zero balance. 

Our Cash Management services help you maximize interest earnings and minimize expenses.

For more information, Contact Us.

*Repurchase Agreements are not bank deposits, are not insured by the FDIC and are subject to investment risk, including possible loss of the principal amount invested.