Premier Money Market Sweep

The Premier Money Market Sweep Account is designed for all commercial accounts, including corporations, small businesses and nonprofit organizations. With this account you not only maximize the return on your cash balances with ease and convenience, you also receive a complete cash management solution.
 
We can help you more effectively utilize your cash resources, so you have more time to focus on your business.
 

BENEFITS OF THE PREMIER MONEY MARKET

  • Competitive returns on idle cash balances
  • Convenience of managed maintenance of daily balances
  • The elimination of time spent checking balances and initiating transfers
  • FDIC Insured
  • Peace of mind
HOW IT WORKS
With Bank of American Fork’s Premier Money Market Sweep Account, cash in excess of your target balance is automatically swept daily from your checking account into a money market account, ensuring competitive rates on all of your excess cash balances.

If your end-of-day checking account balance falls below your target balance, funds will be automatically swept back to your checking account.

Because the sweep transactions to and from your checking account are automatic, there is no need for you to worry about managing your daily balances. We do that for you.

You concentrate on your business, and we’ll concentrate on your cash management.
 

 
Step 1:
    Contact us to open a Bank of American Fork Premier Money Market Sweep Account or convert an existing conventional checking account.

Step 2:
    Plan to meet your objectives. A qualified Bank of American Fork representative will work with you to confirm the ideal target balance that you need to manage your daily business. Any excess cash will be automatically swept daily into your Premier Money Market Sweep Account.

Step 3:
    Deposit cash now and start earning interest on your excess balances.

Step 4:
    Enjoy the convenience of earning more interest on your cash. In most cases, the automatic sweep begins the same day you make your initial deposit.

For more information about our commercial Premier Money Market Sweep Account call us in Utah County at (801) 642-3456, in Salt Lake County at (801) 428-1046, toll free at (888) 842-3456, or visit one of our 11 branches.