Cash Management Sweep Account

Designed for Commercial Checking Account customers with excess cash to invest, the Cash Management Account is a fully automated movement of your funds that offers convenience, liquidity, and enhanced yield. Minimum Requirements inlcude a Commercial Checking Account. $50 monthly fee. After processing your daily activity, your excess funds (over an established target balance) are then automatically transferred to your Cash Management Account. The target balance is the balance that must be kept to offset monthly activity fees.

Business Chequing Features

  • Apply By Phone

    1-800-445-5725

  • Annual Interest Rate

    0.6%

  • Paperless Statements

    Yes

  • Transaction Fees

    Yes

  • Monthly Fee

    Yes

  • Deposit Insurance

    No

  • Account Opening Bonus

    -

  • Overdraft Protection

    -

  • Tiered Interest Rate

    Yes

Business Chequing FAQ

Is a Business account required?

Every business should have its own bank account. There are legal reasons to keep your personal and business funds separate as well as tax ramifications. It also simply makes good sense.

Are there minimum balance requirements?

Do business checking accounts have minimum transaction amounts?

Can I use a personal checking account for business?

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Service Info

Hills Bank and Trust Company

Verified within the past few weeks

Since our beginnings in 1904, Hills Bank has been filled with insightful visionaries, determined co-workers, and loyal shareholders who have helped mold the rich culture and unique history that we enjoy today. Today, Hills Bank and Trust Company has grown to become one of Iowa's largest independent banks. We have achieved this growth the old-fashioned way — by earning our customers' respect, one at a time. We were founded on the principle that banks should care about the people they serve and provide ways to help them prosper.

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