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Cash Control Sweeps Account

Earn daily income on your excess cash in your Minnwest checking account!
Cash Control allows businesses to invest excess checking account funds into selected money market mutual funds to earn competitive money market rates.

Cash Control eliminates the costs and headaches often associated with the short-term investment process. With Cash Control, Minnwest processes all your checking account activity on a daily basis. At the end of the day, if your balance is over the predetermined target set by you, dollars above the target are automatically transferred to one or more non-FDIC insured money market  funds* of your choice through SEI Investments. If the balance in your checking account falls below your established target, cash is automatically swept back from the money market mutual funds into your checking account.  There's no need to open a special account; your existing Minnwest checking account will do. And, you'll earn dividends on a daily basis.

*An investment in money market mutual funds is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although the funds seek to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the funds. Money market mutual funds are distributed by SEI Investments Distribution, Co.

 

Not FDIC Insured   /   No Bank Guarantee   /   May Lose Value  /  Not Offered in South Dakota