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Repurchase Agreement

Earn interest without lifting a finger; excess funds are automatically swept into a Repurchase account. Money will be invested in U.S. securities and transferred back into your checking account, as needed.

How it works:
  • You set the desired balance of your checking account
  • Excess money is automatically invested in U.S. Government securities
  • Earnings are credited to your checking account each month
  • Interest is earned based on the targeted Fed Funds rate
  • Money is automatically transferred back into your checking account to maintain your desired balance

What you need to know:
Investments are backed by U.S. Government Treasury and Agency Securities, therefore are Not FDIC Insured.