Sweep excess funds to your high-yield deposit account
This advanced HomeFed account combines a commercial checking account with a high-yield deposit account to maximize earnings for your business.
By attaching this account to your commercial checking account, you enjoy the best of both worlds: do your banking with your checking account and sweep excess funds to your high-yield deposit account. More simply put: You concentrate on your business and we'll concentrate on keeping your money working as hard as you do.
- Cash remaining in your commercial checking account at end-of-day is automatically swept into Business Maximizer, a high-yield, interest-bearing deposit account.
- If your end-of-day balance in your commercial checking account is below your preset target, funds are swept back into your checking account from your Business Maximizer account.
- Maximizes interest earnings.
- Prevents insufficient funds scenarios.
|Minimum Balance to Obtain APY||Compound Method||APY|
Effective date: 4/17/2014
Annual Percentage Yield (APY) is accurate as of effective date shown above and is subject to change without notice. Minimum opening deposit is $100. APY is variable and may change after account opening. Fees may reduce earnings.
One of the following HomeFed commercial checking accounts is required: Business Interest Checking, Premium Business Checking or Analyzed Business Checking. Monthly service fee applies. Contact your local branch to see the Commercial Account Fee Schedule for current fees and details.