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.
Sign up for one of our free classes and get the knowledge you need to make smarter financial decisions.
Protect your reputation and reduce expenses. Choose from three levels of personal overdraft protection to help avoid the embarrassment of a declined transaction.
MasterCard® Debit Card with complimentary fraud monitoring program. Pay bills, buy gas, groceries, gifts and more.