
Put the excess funds in your checking account to work for you! With First Federal's Commercial Account Sweep Agreement, funds over your target balance will be “swept” each night and used to purchase United States government agency securities. You will earn interest on each transaction when First Federal repurchases the securities and sweeps the funds back into your commercial analysis checking account. Tiered interest rates are tied to the Monthly Federal Funds rate.
Funds held by First Federal pursuant to a transaction under this agreement are not a deposit and therefore are not insured by the Federal Deposit Insurance Corporation, any other governmental agency, or any other insurer.
Please call 208-733-4222 (800-278-9435) or contact us to learn more.
- Monthly service charge: $60.00*
*This fee is in addition to any fees associated with the analysis checking account.