Business Sweep Services

Sweep services help you manage your operating account more efficiently.

Manage funds automatically with multiple sweep options
Enhance your return on surplus funds
Reduce interest expense

Sweep services may be set up on any St. Mary’s business checking account and include the following options:

Sweep to investment (Business or Corporate Cash Management Sweep Account)
Sweep to line of credit
Sweep to line and to investment

Establish a target balance for your checking account and any surplus funds will be automatically transferred to a tiered-rate investment account to maximize your return or automatically pay down a business line of credit to reduce your interest expense. When operating funds fall below your targeted level, funds will also be automatically transferred into your checking account from either a line or a sweep deposit account to meet your operating needs.

Geared for small and medium-sized businesses
All balance tiers earn interest
No monthly maintenance fee and no sweep fees
Minimum target balance in the associated checking account: $10,000
You can monitor the activity on your business accounts with Online Banking

No monthly maintenance fee
No per item charges

View current rates

To open an account, or for more information, visit one of our retail locations, contact our Commercial Lending Department at 603.629.1540, or toll-free at 1.800.950.8850. Our experienced commercial lenders can respond quickly thanks to our local decision-making power.

St. Mary’s commercial products and services are designed to help businesses of all sizes prosper and grow.

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