Cash Management - Funds Management

Cash Management – Funds Management

Build a solid foundation for your business that keeps your cash working. Choose from several sweep options that can help you maximize your earnings while retaining liquidity.

Cash Management Sweep Account

Maximize your earnings. After all your checks and deposits are processed, the collected balances are automatically transferred into an overnight repurchase agreement.* You earn interest on the excess cash and maintain a balance that lets you reduce or eliminate service fees.

*Repurchase agreements are not FDIC insured and not bank deposits.

Line of Credit Sweep

Keep your cash working and minimize your credit debt. Count on us to allocate funds to or from your line of credit daily, and receive a confirmation summarizing your daily cash position.

Commercial Money Market Account

Put your earnings to work for you by opening a Commercial Money Market Account. By maintaining a minimum daily balance of $2,500, you earn our premium tiered interest rates – the more you save the higher your return.

Short-Term Repo

Take advantage of short-term investment opportunities. Our Short-term Repurchase Agreement^* supports near term investments (typically less than 30 days) so you can add interest income to your bottom line.

*Repurchase agreements are not FDIC insured and not bank deposits.

Account Analysis

Make informed business decisions. We provide a monthly statement that reports average balances, earnings credit allowance, current earnings credit rate and all activity fees.

Contact Cash Management

Did You Know?

We offer several other products and services for businesses, including Business Loans for your short-term cash flow needs and TD Banknorth Business Visa^® Debit Card.

Investment and insurance products: not a deposit; not FDIC insured; not insured by any federal government agency; not guaranteed by the bank or any affiliate; and, may be subject to investment risk, including possible loss of value. Insurance products are offered through TD Banknorth Insurance Agency, Inc. or TD Banknorth, N.A.

Bancnorth Investment Group, Inc. is:
• An independent registered broker-dealer • Not affiliated with TD Banknorth, N.A. or its related companies • Member FINRA and SIPC.
Securities and insurance products are provided by Bancnorth Investment Group, Inc.:
• Not a Deposit • Not FDIC Insured • Not insured by any Federal Government Agency • Not Guaranteed by the Bank or any Affiliate • May be Subject to Investment Risk, Including Possible Loss of Value • Advisory services may only be offered by Investment Adviser Representatives in connection with a PrimeVest Advisory Services Agreement and disclosure brochure as provided.