Saving and Investment Tools for Tomorrow
The First provides many options for businesses to save and manage cash
day-in and day-out.
Investment Cash Management Sweep Account
Looking to invest available funds? Then your business may benefit from a Cash Management Sweep arrangement. After each day's transactions have posted, a peg balance is maintained, and any excess funds are swept into or deficit funds are taken out of a Money Market Mutual Fund Account, which is not FDIC-insured. This service will help you keep any excess funds invested, therefore maximizing the use of the funds and improving your day-to-day cash management by putting excess funds to use.
Business Ultra Money Market Account
This account is a savings account with limited check writing availability. If your company account has idle funds not presently earning interest, this account will allow you to maximize the use of your funds. It is ideal for businesses that do not want to tie up large amounts of capital in certificates of deposit.
| Business Ultra Money Market Account | Rate |
|---|---|
| $250,000 and up | 0.13% |
| $150,000 to $249,000 | 0.11% |
| $100,000 to $149,000 | 0.07% |
| $50,000 to $99,999 | 0.05% |
| $10,000 to $49,999 | 0.03% |
| up to $10,000 | 0.02% |