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With the Repurchase Investment Sweep Service from TCF Bank you
can automatically sweep excess balances from your commercial checking
account to income-generating Repurchase Agreements. TCF automatically
repurchases the underlying U.S. Government or Agency securities
to meet the funding needs of your checking account.
Features:
- Earn competitive rates on idle funds
- Daily liquidity, not FDIC insured
- Minimum overnight investment of $1,000
- Funds swept above a "peg balance" as arranged with TCF
- Fully automated investment strategy saves time
- Competitive monthly fee
- Mail, email or fax transaction confirmations
TCF Bank has a wide range of alternatives for your business savings
needs that will help your money work harder for you.
To open an account, visit a TCF
Bank location today. |
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