What is it?

On NY Demand Deposit accounts, Citibank’s Sweep Investment will give you the power to automatically invest late arriving or uncommitted funds in an interest-bearing overnight Citibank, N.A. account.

How does it work?

	The sweep to the investment account is the last transaction of the day, so you never need to worry about conflicting demands on your money.
	Funds invested overnight are credited to your account as the first transaction of the next business day with principal and interest being returned to the account.
	Funds invested overnight in Nassau are subject to Nassau Sovereign Risk and are not deposit insured.

What are the benefits?

	Automation saves time and provides convenience; no on-going investment decisions are required
	Earn interest on idle balances
	Overnight investment maintains liquidity

What are the requirements?

	You will need to have a New York Demand Deposit Account with Citibank N.A., New York.
	The necessary documentation needs to be completed.
	A minimum balance needs to be kept in the account for the sweep to be triggered.

Go back to Cash Management