Lesson60 seconds
What is Sweep Account?
Extra balance above a limit is auto-moved into a higher-interest deposit.
Step 1 of 9
Simple Definition
A sweep facility auto-transfers surplus from a transactional account into a linked deposit and can reverse when cash is needed.
Explanation level
Tap a persona to hear the same idea in a totally different voice.
Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.
Notebook
Your notes
Notes save automatically on this device
Knowledge graph
Done Here Next