The Opportunity To Maximize Income And Minimize Interest Expense

These sweep services provide ways to increase interest income and minimize interest expense while keeping funds liquid.

  • Money Market Sweep*: Cash in excess of a predetermined target balance is automatically swept overnight into a money market account, and then swept back into checking as funds are needed.
  • Secured Daily Investment Repurchase Sweep: Earn more on idle funds that are swept automatically into an overnight investment.
  • Revolving Line of Credit Sweep: Allows you to reduce interest expense and overdraft charges by automatically funding checks when presented for payment and paying down the line of credit with excess collected funds.
  • Dual Investment** and Line of Credit Sweep: Reduce interest expense and maximize interest income by utilizing a dual automatic sweep system.

    • Takes excess cash and pays down the line of credit or sweeps the money into an investment.
    • If the account is in a deficit, pulls money from the investment and then from the line of credit.

 


Synovus Bank
info@synovusbankfl.com
(888) 317-0085

*Savings and money market accounts may have no more than six (6) debit transactions in a monthly statement cycle, and no more than three (3) of these can be checks or drafts payable to a third party. A debit transaction is a check, debit/check card transaction, transfer, or pre-authorized transfer, including those made by phone or modem. Unlimited transactions are permitted if made by the customer in person, by mail, through an ATM or by phone if the check is mailed to the customer. If you routinely exceed these limits, your account may be converted to a checking account.All checking and savings accounts are subject to credit approval.
** Investment products are not bank deposits or obligations and may not be FDIC-insured. Investments are not an obligation of the party who has agreed to repurchase the securities and are not guaranteed by any government agency. Investments are subject to risk, including possible loss of the principal amount invested.  
Investment products and services provided by Synovus are offered through Synovus Securities, Inc, Synovus Trust Company, N.A., GLOBALT, Inc. and Creative Financial Group. The registered broker-dealer offering brokerage products for Synovus is Synovus Securities, Inc., member FINRA/SIPC. Investment products and services are not FDIC insured, are not deposits of or other obligations of Synovus Bank, are not guaranteed by Synovus Bank and involve investment risk, including possible loss of principal amount invested. Synovus Securities, Inc. is a subsidiary of Synovus Financial Corp and an affiliate of Synovus Bank.