Investment Sweep Account
With an Investment Sweep Account from TCF Bank you can automatically sweep excess balances from your commercial checking account to your choice of several money market mutual funds. 1Balances are automatically swept back to cover checks and other withdrawals as needed.
- Earn competitive rates on idle funds
- Daily liquidity, not FDIC insured
- Minimum overnight investment of $1,000
- Mutual funds offered through Federated Investors, not FDIC insured
- Funds swept above a "peg balance" as arranged with TCF
- Competitive monthly fee
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.
1Excess balances invested in money market mutual fund are: