We realize that some businesses simply do not experience the daily transaction volume or balance fluctuation that others do. If your business checking account balance remains idle much of the time, Paragon could help you start earning interest using our automated Investment Sweep services.
- Interest is compounded daily
- Investment transactions are fully automated
- Funds remain available at all times to cover checks and withdrawals
- Checking account statements detail all sweep activity
An automated Investment Sweep option is available utilizing our business money market account as the underlying investment and is subject to standard FDIC coverage. Paragon also offers a collateralized repurchase agreement option that allows you to invest or to pay down your business line of credit with excess funds to save on interest expense.
Contact us to discuss the ways your business may benefit from automated Investment Sweep.