Investment Sweep

People's United Automated Investment Sweep Account increases your company's profits by investing surplus funds from idle accounts automatically. This tool makes it possible for your business to earn extra interest without requiring additional time or effort.

At the end of each business day, People's United will combine the sources of all your funds to determine your available balance. If the balance exceeds your predetermined target, the Sweep Account system will automatically transfer or "sweep" excess funds into an investment account that earns interest at market rates. If the total balance falls below the target, the Automated Sweep Account system transfers funds out of the investment account back into the main checking account to ensure your target balance is maintained.

• Eliminate Idle Funds
• Minimize wasted time and labor costs
• Various Funds available through Federated Investors, Inc^® and Fidelity Investments^®
• Link a commercial line of credit and if your loan balance is zero, People's United will automatically invest, each day, any excess operating cash.