Whether you’re a large company or a small business, Fox Chase Bank’s eXpress Investment Sweep account can be a smart choice for keeping your excess cash invested, earning a competitive yield. Our Payment Solutions Specialists can work with you to create an account that is right for your business.
ADVANTAGES of eXpress Investment Sweep:
Competitive Yields - With an Investment Sweep account you’ll get a potentially higher rate of return. The competitive yields offered by our two chosen money market funds are typically higher than the interest earned on a savings or a checking account:
Same Day Sweep – Excess funds are calculated mid-afternoon and swept into the money market fund you choose prior to market closing.
Daily Dividends – Dividends are declared daily and paid monthly and can be automatically reinvested to compound the value.
Diversification – Money market mutual funds invest in a variety of securities, lessening the impact of fluctuations in any one security in your investment portfolio and thereby helping reduce your risk.
Ready Access to Your Money – You always have access to your checking account balance.
Convenience – By having your bank checking account linked to a money market fund investment account, you don’t have to juggle funds between accounts.
Relative Safety – Money market funds are among the safest, short-term investment products available for cash sweep programs. Because money markets seek to maintain a stable $1.00 per share value, when you invest a $1.00 in a money market fund, the goal is to get at least $1.00 out.
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