How it Works

We understand the challenge businesses’ face to effectively manage operating cash flow. This is why we are pleased to offer Sierra Premium Sweep Account. Sierra Premium Sweep accounts uniquely combines a business checking account with the ease of automatically investing excess cash in an interest-bearing account. You can maximize your revenue and enjoy check writing without having to juggle balances between accounts.

With a Bank of the Sierra Sweep Account, cash in excess of your target balance is automatically invested in an FDIC-insured money market account, ensuring competitive rates on all of your excess cash balances. And, if your end-of-day checking account balance falls below your target balance, funds will automatically be swept back to your checking account under an agency agreement with Reserve Management Corporation. Because the sweeps to and from your checking account are automatic, there is no need for you to worry about managing your daily balances. You concentrate on your business and we'll concentrate on your cash management.