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.