No more complex banking relationships. With Kearny's Insured Liquidity Sweep account, an innovative program that connects your checking accounts across participating financial institutions, you can consolidate your cash holdings with FDIC-Insurance coverage up to $50 million in deposits.
It's simple to protect your short-term cash holdings with a trusted partner managing and maintaining the daily minimum balance of your choice. The excess funds are transferred into an interest-bearing account until needed. Plus, the Kearny Insured Liquidity Sweep account lets your business enjoy maximum flexibility to access all your funds via check, wire, EFT and debit cards.
Want to know more? Contact us at 973-244-4516 to learn how the Kearny Insured Liquidity Sweep account can benefit your business.
Focus on Your Business While We Protect Your Banking
Linking your accounts to an insured liquidity sweep account at Kearny Bank can simplify your financial processes and eliminate paperwork. Our innovative program automatically allocates deposits exceeding the $250,000 FDIC Insurance limit per business tax ID to insured accounts across other participating financial institutions. Join our program to unlock the full benefits of streamlined banking.
The insured liquidity sweep account is available to individuals, businesses and government entities. Consider the important advantages:
Expanded levels of FDIC Insurance, up to $50 million per individual tax ID
Automatic end-of-day transfer of funds in excess of target balance you set
Earns a competitive interest rate
No withdrawal limitations
Automatically transfers funds to meet daily account balance needs
Daily balance reporting
Separate monthly investment account statement
Download the detailed flyer here.
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Find answers to common questions about Kearny Bank and our services.
The program administrator has not experienced a bank failure within the sweep program since the program's inception in 2011. On an annual basis, the program administrator tests its procedures for filing an FDIC claim for a "mock" bank failure to ensure a timely filing of a claim in the event of an actual bank failure.
Open an Insured Liquidity Sweep Account Today
The right combination of security and fluidity for your funds.