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A Sweep Account Automatically "Sweeps" All Funds in a Company's

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A sweep account automatically "sweeps" all funds in a company's checking account above a predetermined minimum into an interest-bearing account, enabling it to keep otherwise idle cash invested until it is needed to cover checks.


Definitions:

Tax Breaks

Financial incentives or reductions in tax payments provided to individuals or businesses by the government.

Creative Benefits

Innovative and non-traditional employee perks designed to improve satisfaction and loyalty, such as flexible working hours or wellness programs.

Retirement Plan

A financial arrangement designed to replace employment income upon retirement, often including contributions from both employer and employee.

Benefits Packages

A collection of non-wage compensations such as medical insurance, pensions, and vacation time offered to employees.

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