Sweep Accounts

For those larger commercial relationships with substantial excess cash balances, GSB offers the Reverse Repurchase Sweep account that automatically invests that excess to maximize earnings.

For more information and other ideas to help your business, contact a GSB Business Banker:

Brett Denker (847) 832-0324
Mark Frighetto (847) 832-0340
Thomas A. O'Grady (847) 832-0489
Dennis Oster (847) 832-0369
Peggy Higgins (847) 832-0315
Maral Poladian (847) 832-0329
John Tofano (847) 832-0116

 

Sweep Accounts

  • Tied to a Business Analysis checking account, balances in excess of a predetermined target figure are swept into an interest-bearing, non-deposit investment
  • Interest accrues daily and is posted at month end
  • Monthly fee of $100