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Business Sweep Accounts
Transfer excess funds to an interest-bearing account from your checking account.
Business sweep account benefits
As a business owner, you’re always looking for ways to streamline your efforts. That’s what makes a business sweep account an ideal option. This convenient cash-management tool automatically sweeps excess funds from your checking account to a dividend-bearing account. It’s a great way to take your money further without having to think about it.
Business sweep account details
- No transaction limitations (unless stated in membership agreement)
- Automatically transfers money, based on checking thresholds you set
- Accessible in online business banking
- Low monthly service charge of $35
- Earn dividends at a tiered interest rate, depending on the account balance
Open your business sweep account today
Mountain America is here to help your business succeed, whether in Utah, Idaho, Arizona, Nevada or beyond. Meet with a business advisor today. Schedule an appointment online, call 1-888-845-1850 or visit your nearest Mountain America branch.
Schedule appointmentFind a branchBusiness Sweep account FAQs
How do sweep accounts work?
With a sweep account, when funds exceed a certain level, the financial institution will automatically transfer funds from the checking account into a dividend-bearing account.
Are sweep accounts safe?
Yes, sweep accounts are completely safe and the majority of accounts are insured by the Federal Deposit Insurance Corporation, in the case of banks, or the National Credit Union Administration for credit unions.
Can I withdraw money from my sweep account?
Yes, you can withdraw money from your sweep account like you normally would with a checking or savings account.
