Automatic Sweep Account
Make Your Money Work Harder While Maintaining Liquidity
A Sweep Account from American National Bank and Peoples National Bank allows you to continuously - and automatically - roll surplus deposit account funds into and out of an investment account.
Best of all, once established, the system works automatically and consistently with no additional effort required from you.
The Sweep Account system automatically generates a "target balance" based on the previous month's activity established by the system. Funds over this balance are automatically shifted to the investment account, then brought back into the account as they are needed to cover activity.
With no additional work - and no sacrifice of liquidity - you can enjoy a higher yield on your funds! Accumulated interest is simply added to your investment account every month.
For more information, please call 402-399-5037