Sweep Accounts

At City National, we make sure your money works for you – we offer sweep accounts for both individuals and businesses.

With our Deposit Account Automated Investment Sweep Account, if your checking account reaches an established target collected balance, the excess funds are automatically swept on a daily basis out of your checking account and invested in a non-FDIC-insured money market mutual fund. Funds are also automatically swept back into your checking account if needed.

With this sweep account, City National offers:

• Several investment fund options through our CNI Charter Funds* mutual fund family.
• Access to your combined balances through ATM cards and Telephone Banking, and online access through our Online Banking (for individuals) or Online Cash Management (for businesses) products.

*Shares of CNI Charter Funds:

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

Investing in mutual funds involves risk, including possible loss of principal.

Getting Started

As a valued client, you deserve the resources and one-on-one personal attention you can find only at City National Bank.

To learn more about our sweep accounts, contact us or visit us at one of our Wealth Management Services locations.