Corporate treasurers for larger companies invest excess daily funds fully secure and safe above FDIC limitations. South Central Bank provides this program to smaller companies.

Under South Central Bank’s Collateralized Repurchase Agreement, you secure a one-day overnight interest in a specific U.S. full faith and credit bond held in safekeeping at the Federal Reserve Bank of Chicago. 

SAFETY and INTEREST INCOME for large depositors for over 40 years!

  • Each I-SWEEP is fully collateralized with a specific CUSIP U.S. federal agency security, identified and emailed daily to you.  The daily market value of the U.S. federal agency security held by you is a minimum of 105% of your I-SWEEP balance.
  • I-SWEEP rates are established by our bank.
  • I-SWEEP funds never leave South Central Bank and you can easily track the sweep balances on our bank statements or on-line.

I-SWEEP’s are technically not deposit accounts as covered by FDIC insurance for the overnight period, but entirely protected by the underlying U.S. Treasury or U.S. Federal Agency securities.

Back to Sweep Account Options

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South Central Bank, National Association
525 W. Roosevelt Road | Chicago, Illinois 60607

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