Interest Bearing Accounts/Sweep Products
Because we believe your money should be working hard for you all the time, First American provides a variety of interest-bearing options and sweep products —all designed to help you make the most of your excess cash.
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Money Market Accounts Get the best of both worlds—the high interest rate and check-writing access. With First American Bank's money market accounts you can make the most of your money.
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Mutual Fund Sweep Account* A sweep account automatically “sweeps” or transfers excess balances from a non-interest checking account to an account with investment options.
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Certificates of Deposit Certificates of Deposit (CDs) are an excellent tool for making the most of your money when you are able to set money aside for a period of time.
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Line of Credit Sweep Account A sweep account automatically “sweeps” or transfers excess balances from a non-interest checking account to a line of credit.
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Zero Balance Account A secondary sweep account that remains at a zero balance and automatically "sweeps" or transfers balances to and from a primary account as needed.
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If you have questions, comments or want to know more, Contact Us or call our Business Center at (847) 952-3701.
*Not FDIC insured. May lose value. No bank guarantee. Please read prospectus carefully before investing.