Put your excess funds in your checking account to work for you and earn interest.
First Federal . . . Right Here When You Need Us!

Sweep Accounts

Put your excess funds in your checking account to work for you and earn interest.




Put your excess funds in your checking account to work for you and earn interest!


Summary

  • Funds over your target balance are "swept" each night
  • Swept funds purchase United States government agency securities
  • Interest is earned when First Fed repurchases the securities and sweeps
    funds back into your commercial analysis checking account
  • Tiered rates are tied to Monthly Federal Funds rate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

More Information

  • Funds held by First Federal pursuant to a transaction under this agreement are
    not a deposit and, therefore, are not insured by the Federal Deposit Insurance Corporation, any other governmental agency, or any other insurer
  • Monthly service charge: $60.00*

*This fee is in addition to any fees associated with the analysis checking account

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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