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Skip Navigation LinksHome > Business Services > Cash Management Services > Target Balance Account

Target Balance/Sweep Account

Signature Bank's sweep feature automatically manages your cash to increase your company's income, without the cost or time required for more elaborate cash management procedures. Our sweep account links your regular business checking account with one of our Fidelity Money Market Mutual Funds. At the end of each business day all available cash in your checking account, above the pre-selected target balance, is automatically swept into the linked money market fund where it starts to earn interest immediately.

When you make deposits in your checking account, Signature Bank will automatically sweep any available balance, above the target balance, into your money market fund. When your checking account is debited, Signature Bank will pull funds from your money market fund to replenish your checking account to its target balance. You benefit by earning interest without sacrificing the convenience of your regular checking account.

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Target Balance/Sweep Account

No information on this web site should be considered a recommendation or solicitation to invest in a particular security or type of security.

Signature Securities Group Corporation ("SSG") is a registered broker dealer, registered investment adviser, and licensed insurance agency. SSG, Member FINRA/SIPC, is a wholly owned non-bank subsidiary of Signature Bank.

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