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Sweep Accounts

First State Bank & Trust's Business "Sweep" account is designed to offer a unique investment opportunity to business customers wishing to maximize the full earnings potential of their checking account balances on deposit, on a daily basis.

  • The "Sweep" level initiates transfers from the checking account when the average available balance is over the predetermined amount.
  • Funds "swept" into the Business "Sweep" account earn competitive rates, which are reviewed monthly.
  • It has the ability to transfer funds back into the Regular Business Checking, if funds are needed to maintain the predetermined average available balance level.
  • Interest earned during the month is accumulated on a daily basis.
  • Interest is credited to the Business "Sweep" account monthly.