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Repurchase AgreementPrinter Friendly Version

Our Repurchase Agreement Sweep account is available to business customers who have excess cash they would like to invest. Excess funds can be swept from your business checking account nightly to the interest-bearing sweep account.

Features & Benefits

     
  • Interest-bearing sweep account designed for high balance commercial customers  
  • Variable Interest Rate
  • "Floor" Balance Required in a Corporate Commercial Checking Account - Excess funds swept nightly to the Repurchase Agreement
  • Transferred funds are collateralized by bank-owned securities
  • This product is not FDIC insured. This product is subject to investment risk, including possible loss of the principal amount invested.
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 Balance  Rate  APY* 
$0 - $74,999.990.05000.0500
$75,000 - $149,999.990.08000.0800
$150,000 +0.10000.1000
*APY is the Annual Percentage Yield. Rates are accurate as of Sunday, December 17, 2017. 
 
This account earns interest at a variable rate. These rates may change at any time without prior notice. Fees could reduce earnings on this account.  
 
This product is not FDIC insured. This product is subject to investment risk, including possible loss of the principal amount invested.
Huron Community Bank © 2017 • www.bankhcb.com
 
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