Put your excess cash to work. Whether you have reserves at the end of a day, a quarter or a fiscal year, these investment options can help you earn interest as you manage your cash.

Investment Sweep
  • Available to business customers with a Minnwest Bank business checking account
  • Keep your money working for you, automatically
  • Maintain target balances while maximizing interest earnings
  • Receive benefits where you need them the most:
    • Designate a target checking balance
    • Excess funds are automatically swept into an interest-bearing Investment account
    • Principal is automatically transferred back into your checking account the next day
    • Funds are swept back over to your checking should you fall short of your balance
Line of Credit Sweep
  • Available to business customers with an open credit line with Minnwest Bank
  • Keep your money working for you, automatically
  • Receive benefits where you need them the most:
    • Designate a target checking balance
    • Excess funds are automatically swept into line of credit account to pay down balance
    • Funds are swept back over to your checking should you fall short of your balance
CDARS® & ICS®

Certificate of Deposit Account Registry Service® (CDARS)

  • Greater security; multi-million dollar FDIC insurance coverage
  • Convenience; everything is managed internally by Minnwest Bank:
    • One regular statement
    • One year-end tax form
  • Flexible maturity periods available
  • Helps support lending opportunities within your local community

Insured Cash Sweep® (ICS)

  • Enjoy increased coverage while also benefiting from increased access to funds and higher returns than other savings options
  • Greater security; multi-million dollar FDIC insurance coverage
  • Convenience; everything is managed internally by Minnwest Bank:
    • One regular statement
    • One year-end tax form
  • Less administrative burden than other collateralized deposits and repo sweep options
  • Full FDIC coverage on amounts up to $50 million

Placement of your funds through the ICS or CDARS service is subject to the terms, conditions, and disclosures set forth in the agreements, including the applicable Deposit Placement Agreement, you enter with us. Limits apply and customer eligibility criteria may apply. These agreements contain important information and conditions regarding the placement of funds by us.

CDARS and Insured Cash Sweep are registered service marks, and ICS is a service mark, of Promontory Interfinancial Network, LLC.