Protecting your deposits, especially during times of market volatility is important. The Kearny Insured Liquidity Sweep account program is the most flexible, multi-million dollar FDIC-insured cash sweep account available. The insured cash sweep account provides access to a network of US banks that can offer millions of dollars in FDIC insurance coverage and daily liquidity. It's an ideal cash sweep option for anyone seeking safety, security and liquidity.
The Kearny Insured Liquidity Sweep account automatically maintains your desired daily minimum balance by transferring excess funds into a higher-interest-bearing account, at the close of each business day.
Funds are still readily available via check, wire, EFT, or debit card, with full FDIC Insurance coverage up to $50 million per individual tax ID.
Interested in learning more about the Kearny Insured Liquidity Sweep account? Call 973-244-4516 or make an appointment.
Featured Key Benefits
Single Source Means You Only Deal with Kearny Bank
When linking your accounts to an insured liquidity sweep account with Kearny Bank, you'll work solely with them and avoid time-consuming record-keeping. The program automatically allocates deposits above the individual tax ID's $250,000 FDIC Insurance limit to insured accounts in other participating financial institutions.
Important Advantages
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 detailed flyer here.
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FAQs
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 a Kearny Insured Liquidity Sweep account today.
The right combination of security and fluidity for your funds.