Fed Funds and Cash Management

Fed fund sold - agency fed funds can mitigate your exposure by distributing your funds pro-rata to upstream banks.
Competitive rates – based on the volume of our fed funds pool, we are able to get the best rates available and pass them onto our customers.
All upstream banks are evaluated on a quarterly bases to insure that they are at least an A or B rated bank by multiple reporting sources.
Fed fund purchase - Banks will be evaluated on a quarterly basis to determine their unsecured fed fund line. Additionally, securities can be pledged to receive a more favorable rate.
Auto sweep – funds will automatically be swept into fed fund sold/purchase without the necessity of a phone call or manual transaction.
Your bank may electronically receive your cash position in real time via iWEB.