The Woodforest National Bank Investment Sweep Service provides an automatic way to invest excess funds on a daily basis. This allows your firm to earn additional investment income.
The Investment Sweep Service consists of an automated link between your company’s business checking account and one of four money market mutual fund account options offered by Invesco™. If the business checking account has a balance that exceeds a pre-determined amount, funds are automatically invested in the Invesco™ money market mutual fund. If the business checking account balance falls below the pre-determined balance, investment funds are automatically swept back from Invesco™ into the business checking account maintained at the bank.
Eliminate idle cash as funds are automatically invested on a daily basis
Maximize investment returns as each dollar in excess of a target balance is invested
Reduce the time spent on investments as office staff no longer need to calculate the amount available for investment, make any transfers or rush to meet investment deadlines
Simplify funds management as all funds are liquid and available for use in the business
Please contact Cash Management Sales at (832)375-2606 to learn more about Woodforest National Bank’s Investment Sweep Service.
Money Market Mutual Funds
Invesco™ Money Market Mutual Funds are not insured by bank insurance, the FDIC or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks, including the possible loss of principal.
INVESTMENT AND INSURANCE PRODUCTS ARE:
• NOT A DEPOSIT • NOT FDIC-INSURED
• NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
• NOT GUARANTEED BY THE BANK • MAY GO DOWN IN VALUE
© 2017 Woodforest National Bank
Member FDIC | Equal Housing Lender
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