Investment Sweep Account
Earn interest on your collected funds while still maintaining liquidity.
Improve your day-to-day cash management by putting idle balances to work with one of Renasant’s investment sweep accounts. Excess funds are swept to an investment account each night to earn interest. The next morning, funds are swept back for use. Two sweep options are available: the DDM (Intra) Sweep and the Internal Treasury Management Sweep.
Investment Sweep Account Features
- DDM (Intra) Sweep provides FDIC coverage up to $20 million for an individual or an entity and $40 million for a joint account*
- Treasury Management Sweep provides FDIC coverage up to $250,000 with consideration to entire account relationship
- Daily transfers allow flexibility and access to account funds
Terms and Conditions
*Funds participating in the DDM Sweep Account are deposited into money market deposit accounts at participating banks, which are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 for each category of legal ownership, including any other balances you may hold directly or through other intermediaries, including broker-dealers. The total amount of FDIC insurance for your account depends on the number of banks in the program. If the balance in your account is greater than the FDIC insurance coverage in the program, any excess funds will not be insured. Please read the Program Terms and Conditions carefully before depositing money into the program, and for other important customer disclosures and information. To assure your FDIC coverage, please regularly review banks in which your funds have been deposited, and notify your bank immediately if you do not want to allocate funds to a particular bank or banks.