Liquidity & Investments
For more information on
Treasury Management Services,
Louisville / Southern Indiana
Email us at:
Our Call Center can be reached at:
(502) 582-2571 or (800) 625-9066
Repurchase Investment Sweep
Sweep away your investment decision worries, save time and automate your money management functions with a Stock Yards Bank Repurchase Agreement Sweep Account.
A Repurchase Agreement Sweep is a separate account that is electronically linked to your operating account. Each night, excess collected balances not required for disbursements or compensating balances are automatically transferred to the Repurchase Agreement Sweep Account where they earn interest. Interest is calculated daily and paid monthly.
With our Repurchase Agreement Sweep the balance in your sweep account is 100% collateralized with Triple-A rated U.S. Treasury Securities and Government Agency notes and bonds. This collateral is evaluated weekly and includes investment instruments such as the Federal Home Loan Bank, Federal Farm Credit Bank, and the Government National Mortgage Association. You will also receive a daily collateral confirmation notice.
Money Market Investment Sweep
Our Money Market Sweep Account allows you the flexibility of daily access to your funds while paying interest on invested balances. A Money Market Sweep Account is a separate FDIC-Insured Money Market Account that is automatically linked to your checking account. Each night, excess balances not required for disbursements or target balances are automatically swept to the Money Market Sweep Account where they earn a competitive interest rate.