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Repurchase Investment Sweep Service

Repurchase Investment Sweep Service

With the Repurchase Investment Sweep Service from TCF Bank you can automatically sweep excess balances from your commercial checking account to income-generating Repurchase Agreements. TCF automatically repurchases the underlying U.S. Government or Agency securities to meet the funding needs of your checking account.

Features:

  • Earn competitive rates on idle funds
  • Daily liquidity, not FDIC insured
  • Minimum overnight investment of $1,000
  • Funds swept above a "peg balance" as arranged with TCF
  • Fully automated investment strategy saves time
  • Competitive monthly fee
  • Mail, email or fax transaction confirmations

TCF Bank has a wide range of alternatives for your business savings needs that will help your money work harder for you. To open an account, visit a TCF Bank location today.

 

NOT A BANK
DEPOSIT
NOT
FDIC-INSURED
NOT INSURED BY ANY
FEDERAL GOVERNMENT AGENCY
MAY GO DOWN
IN VALUE

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