Sweep Solutions
QNB offers sweep solutions to help you more efficiently manage your operational cash needs. Whether you want to maximize the return on your business’s excess cash balances or advance funds from your line of credit, our Cash Management team is here to help you spend less time managing your funds and more time focusing on your business.
For details on how your business can benefit from QNB's Sweep Solutions, contact our Cash Management team at 215-358-5600 ext. 5681 or request a call.
Business Index Sweep1
Your FDIC-insured Business Index Sweep Account funds earn tiered rates:
$0.01 - $499,999.99
$1,500,000 - $2,999,999.99
$500,000 - $1,499,999.99
$3,000,000 and over
$50.00 service charge is applied to the sweep account every monthly statement cycle.
Target threshold: The linked business checking account must have a minimum collected balance of $50,000 before the sweep will move the excess funds into the Business Index Sweep Account. Unlimited sweep transfers per month.
Line of Credit Sweep2
QNB's Line of Credit (LOC) Sweep Account advances funds to cover your cash flow needs or pays down your QNB Line of Credit to reduce interest expense.
Requires executed sweep agreement. Excludes municipal accounts. Fees may reduce earnings. Rates subject to change.
Sweeps are subject to approval and an executed sweep agreement. Linked account fees may apply.
