Insured Cash Sweep (ICS)®
To maximize interest earnings, excess funds are transferred daily between your Operating Account and a Repurchase Agreement.
With the Insured Cash Sweep, you can have it all. Place your funds in deposit accounts that are eligible for multi-million-dollar FDIC insurance and allow you to earn returns, enjoy unlimited program withdrawals, and eliminate ongoing tracking burdens associated with collateralization.
Sweep to Line of Credit
To minimize interest expense, funds are transferred daily between your Operating Account and Line of Credit.
Insured Cash Sweep (ICS)® and Line of Credit
With our combination service, funds are transferred daily between your Operating Account and Line of Credit to minimize interest expense. If the Line of Credit is at a $0 balance, excess funds are directed to the ICS to maximize interest earnings.
Zero Balance Account
With a Zero Balance Account, funds are transferred daily between your accounts so that you can control your money as it flows in and out. This can help you reduce your risk of overdrafts, thefts and mistakes and maximize your funds available for investment
Let one of our experienced Treasury Services professionals analyze your current banking structure. We'll help you put your excess funds to work for optimum returns.
Call Old Point at 757.690.8058 to experience better cash flow management.