Business Section Left-Hand Menu Header background image - DogwoodBusiness Section Left-Hand Menu Header text image
  • online account login header

    Demo  |  Enroll

    Demo  |  Enroll

Home > Business Banking > Cash Management > Sweep Account
  • Sweep Account

    Sweep accounts provide your company a competitive rate of interest, convenience and complete reporting with a full array of services all wrapped into one account.

    Act Now!

    Call us at 417.881.3100 for more information

    Here's How it Works:

    • Funds are swept from your business checking account into an overnight repurchase agreement (RP)
    • At the end of each business day, all transactions (deposits, securities activities, checks, wire transfers, etc.) will be posted to your account
    • Funds will then be automatically invested in an RP 
    • Bank securities are pledged to eliminate the FDIC insurance concerns


    • Sweep Accounts offer daily notices and detailed activity on the bank statement
    • Notices include information such as amount invested, interest rate, collateral assignment and market value of collateral

    Funds held in sweep accounts are not covered by Federal Deposit Insurance Corporation deposit insurance. In the event of a bank failure, sweep account holders will be deemed to be the owner of certain assets or perfected security interests subject to a repurchase agreement with the bank.