Being successful in business means not just earning money, but wisely managing it as well.
SCBT’s Business Sweep Account is designed for business accounts, including corporations, small businesses and non-profit organizations, to automatically earn interest on excess cash – an effortless way to earn the most on your profits.
This account uniquely combines a business checking account with the ease of automatically investing cash in excess of your target balance in an interest-bearing checking account. Cash in excess of your balance is automatically invested into an FDIC-insured checking account, ensuring competitive rates on all of your excess cash balances. And, if your end-of-day checking account balance falls below your target balance, funds will be automatically swept back into your checking account. Because the sweeps to and from your checking account are automatic, there is no need for you to worry about managing your daily balances.
- Manage your cash balances more easily
- Unlike many other banks, SCBT sweeps to the penny
- Unlimited number of sweeps
- Competitive yields
- Seamless cash management
- FDIC insurance up to the maximum allowable limit ($250,000) for each depositor
To sign up for a Business Sweep Account, contact your local SCBT banker.