Guaranty Bank is pleased to offer you a Corporate Sweep Account.
Our Corporate Sweep account will allow you the ability to
sweep excess cash balances into a Repurchase Agreement Account
on a daily basis. Your deposit checking account will be linked
with an investment account and, adjusts your checking account
to a predetermined target balance by transferring the funds
to or from the investment account as needed.
the need for monitoring checking accounts by having only one
account for all short term cash.
excess funds into Repurchase Agreement Accounts.
The Repurchase Account
is a tiered rate account which means the 'higher the balance'
the 'higher the interest rate'. Interest earned from the investments
in the Repurchase Account will be paid to the Repurchase Account
Interest on the Funds
in the Repurchase Account is subject to change daily.
A separate monthly
statement will be provided for the Repurchase Account at month-end.
A monthly fee will
be charged for the Repurchase Account. This fee will be included
in the account analysis for your commercial checking account.
Guaranty Bank is committed to providing you with high quality
products and service. The "Corporate Sweep Account"
will be a compliment to your existing checking account. Stop
in today and talk with any of our Branch Managers or Customer
Repurchase Agreement is not a deposit and is not insured by
the Federal Deposit Corporation.