Sweep Repurchase Agreement

This treasury management service is targeted for larger balance business customers to allow them to earn interest on excess balances in their business checking account analysis account.

Union's Treasury Management staff will set a target balance in the business's operating account. Each day, funds in excess of the target balance are transferred from the operating account to the repurchase account.

Sweep Repurchase Agreements:

• Pay interest daily
• Are not FDIC insured
• Post confirmation notices regarding investment activity
• Have a monthly fee
• Have tiered rates

Eliminate time-consuming responsibilities of managing checking and investment funds; let Union First Market Bank help.