California Bank & Trust offers a sweep service that automatically invests[cite::127::cite] any excess funds in your commercial checking account[cite::128::cite] into linked investment account(s) you choose from available options. This investment solution provides you the ability to put your company’s excess funds to work effortlessly, while maintaining control over your daily liquidity needs. 

Whether the sweep service is your core investment strategy or complements it, this program is designed to allow funds invested through the service to be available to meet your daily operating needs.

• Automates Investing. Once you set a target balance with your Treasury Management Representative, the account process is fully automated. Your commercial checking account activity is posted before the investment is processed, so only the funds in excess of the target balance are transferred into the investment sweep. If your commercial checking account falls below the target balance, funds are automatically swept back into your commercial checking account to meet your daily cash needs and bring your account back up to its target balance.
• Liquidity. Since sweep investment provides daily liquidity, the program is designed to provide access to your funds during normal business hours.
• Yield. The automated sweep investment service provides you the opportunity to earn competitive market rates on excess funds that might otherwise remain idle in your commercial checking account.
• Investment Options. Choose from an array of short-term investment options to match your financial needs and goals.
• Online Reporting. Our online banking platform provides timely and accurate information on your investment sweeps allowing you to better manage your daily financial position.