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Money Market Sweep

Reduce excess balances and increase your return on available funds with Wachovia's Money Market Sweep service.  Each day, excess balances –  in $1,000 increments – above a target balance are transferred from your commercial checking account to a money market savings account.  Earn a money market rate of interest on excess funds without having to meet large investment minimums or sacrifice FDIC insurance.

Money Market Sweep Benefits

• No minimum deposit requirement at opening
• $1,000 minimum sweep investment increments
• Competitive money market rate of interest—plus the security of FDIC insurance
• Interest compounded daily and credited monthly
• Funds swept back into your commercial checking account to pay checks presented and replenish target balance
• Up to six transfers per month from your money market savings account to your commercial checking account, in compliance with federal regulations
• Monthly summary report recaps each day's transfer amount and interest earned for the month 
• Stock market volatility avoided

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