With fluctuations in monthly cash flow, many companies accumulate substantial balances. Don’t let those funds sit idle, instead put extra funds to use through a Sweep account, a Line of Credit Sweep Account or a combination of the two.
Here’s how it works:
*The Sweep repurchase agreement is an interest in TowneBank’s U.S. government and agency bond portfolio. Funds are not FDIC insured, not guaranteed by TowneBank; may go down in value.
Normal credit approval criteria apply.