Earn a higher return on your cash assets and manage working capital more efficiently with a Home State Bank Corporate Sweep account. A Sweep Account is designed for commercial businesses maintaining high daily balances. You'll earn daily dividends in your Sweep Investment account, while maintaining liquidity and easy access to your cash through your Home State Bank commercial checking account. In addition to your monthly commercial checking account statement, you will receive a separate Corporate Sweep account statement that will reflect all sweep transactions made during that cycle along with the interest earned.

The Sweep Program consists of two separate accounts. The Main Account is a noninterest bearing transaction account which gives easy access to cash and requires a threshold balance before a sweep will be made. Funds in excess of the threshold balance is transferred to a secondary investment account that accrues interest daily on a fluctuating rate that increases depending on the account's daily ledger balance. A Sweep account must remain open through month end to receive an interest credit.

If you have any questions please call us at (815) 459-2000 and our Commercial Services Department will be happy to provide you with more information.

Although funds in a Sweep Investment Account are not insured by the FDIC, they are fully collateralized by Home State Bank investment securities.