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Wintrust’s liquidity services ensure that you are getting the most out of your cash flow. These automated accounts sweep excess funds from your checking towards investments or towards the principal interest payments on loans.

Investment Sweep

The Investment Sweep is an efficient, automated way for you to maintain liquidity while earning interest income on your daily operating cash. With a bank Investment Sweep, you continue to write checks against and make deposits to your commercial checking account just like you always have. The difference is that excess funds are automatically transferred, or ‘swept’, at the close of business each day into your Investment Sweep.

Features and Benefits

  • Investments are available each business day to cover clearing checks or other banking requests
  • Automatically invests excess funds over a self-selected peg balance within your commercial checking account
  • Invested funds earn interest income on a daily basis
  • Investment Sweep Agreement is fully collateralized by government securities based on daily market pricing
  • Daily written confirmation is provided to designate your investment balance and the specific government securities that collateralize that investment
  • Monthly statements detail all transactions for both your checking and investment sweep accounts


Interest rates on the Investment Sweep are determined by the bank and are subject to change on a daily basis. The Investment Sweep is a secured obligation of the bank. Funds deposited in an Investment Sweep may not be insured by the FDIC.
 

Loan Sweep

Our Loan Sweep service automatically uses the collected balances in your checking account to minimize the interest expense on your loan account.
The Loan Sweep service eliminates the manual process of calculating principal pay downs. Instead, our system will determine those payment amounts based on a pre-determined “target” balance for your business checking account. Any excess available funds will automatically “sweep” from your checking account and reduce your loan account principal balance, as needed. In addition, this product ensures that the transfers occur in a timely manner at the end of each business day’s processing.

Features and Benefits

  • Convenient – Automatically transfers excess available funds
  • Efficient – Saves time by eliminating manual calculations
  • Cost-effective – Minimizes interest expense by reducing loan balances
  • Consolidate Funds – Incorporate with our Zero Balance Account product when maintaining multiple accounts
  • Increase Interest Income – Use in conjunction with our automated Investment Sweep/Repurchase Agreement when surplus funds exceed loan balances
     

 

Dual Sweep

Our dual sweep solution is also available. This service combines the investment and loan sweep to create a system that uses available funds to reduce the interest expense on loan accounts and applies excess funds to investments.

Commercial Money Market Accounts

Combine liquidity and convenience in a tiered variable-rate, interest-bearing account. It allows you to manage your cash flow by moving funds between your checking account and an FDIC-insured interest bearing account.

  • Unlimited deposits
  • Unlimited in-person teller withdrawals and up to six preauthorized withdrawals each month
  • Interest rates are tiered which provides a higher yield as your balance grows
  • Minimum Daily Balance of only $1,000 or an Average Daily Balance of $2,500 to avoid service fee of $10.00 per month
  • Earns a competitive rate of interest
     

 

Certificates of Deposit

We offer a wide range of fixed-rate Certificates of Deposit (CD), including the following terms:

  • 6 Months 

  • 12 Months
  • 18 Months

  • 24 Months
  • 30 Months 

  • 36 Months 

  • 48 Months 

  • 60 Months


Minimum balance to open a fixed-rate CD is $1,000.
Earns a competitive rate of interest.
From time to time we may offer special fixed-rate CDs with higher minimum balances for other monthly terms.

Interest rates vary depending on the term of the CD. Interest is calculated using the daily balance method. You may not make deposits into the account until the maturity date. Subject to early withdrawal penalties.  See CD for our renewal policy and your options on how interest is calculated and paid.