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With an Affinity Bank Investment Sweep Account, you have access to efficient cash management and you can maximize your investment opportunities while maintaining liquidity. The Investment Sweep Account provides a convenient way to achieve competitive market returns from excess checking account balances while ensuring your operating cash is available when you need it.
Here’s how it works
Your Analyzed Business Checking account is linked to the investment fund of your choice. Your checking account activity is posted before the investment is made. Then, checking funds over the target collected balance you have selected, are automatically swept on a daily basis out of your checking account and invested in a non-FDIC-insured money market mutual fund. Money is automatically swept back into your checking account when needed. We will even assist you with selecting the target balance for your checking account.
You can choose up to two funds to invest in from several investment fund options, including taxable or tax-free investments.
You can choose to receive a monthly statement of your investment activity via e-mail or you can view accurate and timely information on your investments any time through Affinity Online for Business.
To learn more about our Investment Sweep Account, contact a branch near you, call us at 800-489-2194 or e-mail us at
investmentsweep@affinitybank.com
| Important Information about the Money Market Mutual Funds
Available for Investment Sweep |
- Not insured by the FDIC
- Not a deposit or other obligation of, or guaranteed by,
the depository institution
- Subject to investment risks, including possible loss of
the principal amount invested.
The money market mutual funds that are eligible investments for the Investment Sweep service are not offered by, or endorsed by, the Bank.
Carefully consider the Funds' investment objectives, risks, charges and expenses. Please obtain a prospectus and read it carefully before you invest. Although money market funds seek to maintain a $1.00 per share net asset value, there can be no assurance that such funds will be able to sustain this objective, and it is possible to lose money by investing in a money market mutual fund. Past performance is not an indication of future results.
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