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At City National, we offer sweep accounts to ensure that your money really does its work for you.
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.
Our Deposit Account Automated Investment Sweep Account, gives you:
Please note that mutual funds are:
|Investment and Insurance Products:
• Are Not insured by the FDIC or any other federal government agency
• Are Not deposits of or guaranteed by a Bank or any Bank Affiliate
• May Lose Value
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.
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, call us at (800) 773-7100 contact us or visit one of our local City National locations.