FDIC-Insured - Backed by the full faith and credit of the U.S. Government
FDIC-Insured - Backed by the full faith and credit of the U.S. Government

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Help your business thrive

Automatic Investment Sweep

Maximize idle funds for increased earnings

Save time and money with an automated process that manages and moves excess funds from a designated DDA account into a higher yield money market deposit account at the end of each business day. Funds move once a pre-determined target balance has been exceeded, allowing you to better manage cash flow.

Automatic Loan Sweep

Maximize excess funds and minimize interest costs

Control borrowing costs with an automated process that manages and moves excess funds from your checking account to your Line of Credit to pay down your loan. Funds are automatically transferred, ensuring the checking account maintains your predetermined target balance.

Insured Cash Sweep

Protect and Access Your Large Deposits

Webster’s Insured Cash Sweep (ICS) service protects large deposits with access to multimillion-dollar FDIC insurance backed by the U.S. government, while keeping funds accessible. ICS helps you safeguard cash, earn interest, and maintain liquidity without managing multiple banking relationships, offering flexible options so you can access your money when needed.

Account Sweeps Benefits

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Automatic Investment Sweep

  • Generate interest with excess cash
  • Optimize earnings
  • Save time with fully automated transfers
  • Avoid costly overdrafts

How it works:

  • You designate a DDA account as your sweep account and set a target balance. At the end of the day, all excess available balances above the target balance are automatically transferred.
  • Funds move to a pre-determined interest-bearing account where they earn interest.
Man in office lecturing to team.

Automatic Loan Sweep

Control borrowing costs with an automated process that manages and moves excess funds from your checking account to your Line of Credit to pay down your loan. Funds are automatically transferred, ensuring the checking account maintains your predetermined target balance.

  • Reduce interest expenses with excess cash
  • Control borrowing costs
  • Save time with fully automated transfers
  • Avoid costly overdrafts

How it works:

  • You designate a DDA account as your sweep account and set a target balance. At the end of the day, all excess available balances above the target balance are automatically transferred.
  • Funds pay down your line of credit, where interest is reduced.

Insured Cash Sweep

  • With daily liquidity your funds can be accessed when needed
  • Make your entire deposit eligible for FDIC insurance
  • Earn interest on your excess cash
  • Simplify your banking relationships with Webster Bank as your single point of contact.
  • Statements, account balances and other key information available online, 24/7

How it works:

  • You designate a DDA account as your sweep account and set a target balance. At the end of the day, all excess available balances above the target balance are automatically transferred.
  • Funds are placed in interest-bearing accounts at the network banks, so you earn interest while maintaining insurance protection.
  • You work only with your original bank for statements and management, even though funds are spread across multiple institutions.

Contact Us

Ready to find customized commercial treasury management products to maximize your business’s efficiency and productivity? Contact us today.

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Webster Bank, N.A.
Webster Bank, N.A.
Webster, Webster Bank, Webster Investments, the Webster Bank logo
and the W symbol are trademarks of Webster Financial Corporation
and registered in the U.S. Patent and Trademark Office.
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