Optimize idle funds with City First Bank’s Non-Deposit Investment solution—automatic overnight sweeps pair your checking account with a repurchase agreement secured by U.S. Government and agency securities, offering full liquidity and enhanced financial control.
This Non-Deposit Investment* provides you with the convenience of immediate liquidity, while offering complete security. A repurchase agreement couples your checking account with an overnight investment collateralized by U.S. Government and agency securities. Funds in excess of those needed for daily liquidity purposes are swept each night from your checking account to your repurchase account. Conversely, if your need for funds increases, the funds are swept back from your repurchase agreement to your checking account.
Benefits Include
-Money moves automatically between your checking and repurchase agreement account.
-Immediate access to liquidity.
-Fully collateralized by U.S. Government and agency securities.
*Not FDIC Insured. Not a Bank Deposit. May Lose Value.