Repurchase Investment Sweep Service
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.
- 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.
NOT A BANK
NOT INSURED BY ANY
FEDERAL GOVERNMENT AGENCY
MAY GO DOWN