Business
IMPORTANT UPDATE!
2011 will bring some exciting updates to our website. As you know, Suffolk First Bank completed its merger with Xenith Bank in December 2009. Continue reading...
Sweep Account
Automated Sweep
Automatically invest excess cash balances overnight to earn a high rate of return.
- With our Automated Investment Sweep service, you can transform idle balances into hardworking investments and make the most of your organization’s funds.
- Because all the transactions are done automatically, you will not have to commit your time and expertise to calculating your investment amount or performing nightly transactions.
- Your unused balances can earn money market rates every night, without having to keep those funds in an inaccessible money market account all the time.
Investments are liquid. Excess cash is swept out to be invested when available and back in the next business day to cover payment obligations.
