LSB offers a variety of sweep solutions to support our business client's financial needs. There are three types of sweep solutions offered to our business client's.
- The Premium Plus is designed for the business client with excess cash to invest. This account provides an automated movement of funds that offers convenience, liquidity and enhanced yield for business clients. Funds in excess of defined target balance are invested nightly (at a competitive tiered rate) and are backed by government securities guaranteed by the United States or one of its agencies.
- The Commercial Line of Credit Sweep provides an ideal solution for business clients that want to maximize cash flow. To optimize day-to-day cash management, this sweep product automatically keeps the business checking account at a pre-determined target balance to pay down or advance funds from the business client's line of credit.
- Priority Plus allows for the automated line of credit sweep service to be utilized in conjunction with the premium plus account. Utilizing both the investment and line of credit sweep allows business clients to maximize their return on funds and still enjoy the convenience of readily available credit.