The Woodforest National Bank Investment Sweep Service provides an automatic way to invest excess funds on a daily basis. This allows your firm to earn additional investment income.
The Investment Sweep Service consists of an automated link between your company’s business checking account and one of four money market mutual fund account options offered by Invesco™. If the business checking account has a balance that exceeds a pre-determined amount, funds are automatically invested in the Invesco™ money market mutual fund. If the business checking account balance falls below the pre-determined balance, investment funds are automatically swept back from Invesco™ into the business checking account maintained at the bank.
Please contact Treasury Management Sales at (832)375-2606 to learn more about Woodforest National Bank’s Investment Sweep Service.
Invesco™ Money Market Mutual Funds are not insured by bank insurance, the FDIC or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks, including the possible loss of principal.
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