Link your BizEssentials® Savings and Checking accounts to take advantage of an automatic sweep feature that allows you to earn interest on excess funds. You set the peg – a pre-determined dollar amount (minimum $5000) in your checking account – and any excess funds are transferred to your savings account when the peg is reached. If needed, funds will sweep back into your checking account.
- Automatic sweep feature maximizes your earned interest
- Competitive interest rates
- No monthly fee
* Federal law requires that we convert a savings account to a checking account if you exceed six preauthorized or automatic transfers, or transactions by check or similar order payable to a third party, per month.