The Ease-Sweep Account is a high-performance cash management account for putting your credit union's excess liquidity to work each night. When the account is opened, you establish what minimum balance you want to retain in your Daily Transaction Account. Your minimum balance may be changed at your discretion at any time.
At the end of each business day, EasCorp automatically sweeps surplus balances from your Daily Transaction Account to your Ease-Sweep Account where the funds earn competitive rates overnight. Your balance in the Ease-Sweep Account is replenished to your Daily Transaction Account before the start of business the following day, where it is immediately available for financial settlement purposes once again.
The Ease-Sweep Account provides a convenient, secure way to manage your cash for maximum performance and may be used to offset Regulation D Reserve Requirements.