Cash Sweep Account

For Commercial Accounts

Serving the needs of our business customers and recognizing the challenges of effectively managing your operating cash are goals to which we are committed.

The Sweep Account uniquely combines a business checking account with the ease of automatically investing excess cash in an interest-bearing account. Maximize your revenue and enjoy check writing without having to juggle balances between accounts. It is designed for all commercial accounts including corporations, small businesses and non-profit organizations.

Benefits of a Sweep Account

Manage your cash balances more easily with an Illini Bank Cash Sweep Account and benefit from:

• FDIC insurance of up to $100,000 for each depositor*
• Seamless cash management
• Competitive yields

For assistance on any of our cash management services, visit any of our convenient locations.

* FDIC Insurance on each Illini Bank Cash Sweep Account will be limited to a combined total of $100,000 for all deposits held in the same legal ownership category for each depositor per bank, which includes the Illini Bank Cash Sweep Account and any other balances held directly or through other intermediaries.

Step 1: Contact Your Banker to set up an Illini Bank Cash Sweep Account or to convert an existing conventional checking account.

Step 2: Plan to meet your objectives. Your Illini banker will work with you to confirm the ideal target balance that you need to manage your daily business, and any excess cash will be automatically swept daily into the insured sweep account.*

Step 3: Enjoy the convenience of earning more interest on your cash. In most cases, the automatic sweep begins the same day you make your initial deposit.

* FDIC Insurance on each Illini Bank Cash Sweep Account will be limited to a combined total of $100,000 for all deposits held in the same legal ownership category for each depositor per bank, which includes the Illini Bank Cash Sweep Account and any other balances held directly or through other intermediaries.

Reserve Management Corporation acts as your agent in maintaining the Illini Bank Cash Sweep Account. The Reserve is part of a $40 billion organization that created the world's first Money Market Fund®, establishing the $2 trillion money fund industry.

Profit from the combined expertise that Illini Bank and The Reserve provide. We have the resources to help you take your business to the next level.