Sweep Accounts

Radius bank provides two sweep account options to help your business maximize earning potential.


Investment Sweep Account*

  • This service is available to Account Analysis Checking clients
  • Business Online Banking is required for use of this service
  • Designed for clients who seek to maximize liquid funds with an automated movement of excess funds into a collateralized investment vehicle
  • Any funds in a Account Analysis Checking over a determined targeted balance are swept into a secondary account called the Repurchase Agreement
  • Funds are swept back automatically to the Account Analysis Checking to support any funding needs

* This product is not a bank product, is not insured by the Federal Deposit Insurance Corporation, is not a deposit or other obligation of, or guaranteed, by the bank and is subject to investment risks, including possible loss of the principle amount invested.



Nonprofit Sweep Account

  • This service is available to all nonprofit organizations with a Account Analysis Checking
  • Business Online Banking is required for use of this service
  • Initial analysis performed on all deposit accounts to determine a target balance to offset service fees
  • Once a target balance is established, a Account Analysis Checking and a Sweep Account are opened
  • All available funds in the Account Analysis Checking in excess of the target balance are swept into the interest-bearing Sweep Account
  • Funds are swept back automatically to the Account Analysis Checking to support any funding needs


To learn more about Radius Bank's business banking services, please contact a relationship manager today.

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