How does the SIMPLE SWEEP account work?
*Funds are always safe under a bank with strong access controls through custodial or deposit accounts owned on your behalf
(1) Link
Link existing financial accounts and set cash threshold
(2) Custodian
Excess cash automatically arrives at custodian bank*
(3) Allocation
Cash is allocated and optimized across the bank network
Simple
Safe
Return
SIMPLE SWEEP provides an easy solution to link multiple financial accounts into a single high yield sweep deposit account where excess cash can be transferred, freeing you from having to manually move funds and constantly monitoring rates across banks
Provides Free unlimited transactions through ACH and no depositor commingling. Deposits are allocated to FDIC insured deposit accounts, backed by the full faith and credit of the U.S government for accounts up to $100 million.
Given our large bank network, we guarantee some of the best interest rates in the country, 1.25% for accounts up to $2.5 million. Never worry about getting stuck with low interest rates and you keep the interest rate stated without any additional fees.