Automated Fed Funds Sweep

Zions Bank Fed Funds Sweep ensures that all collected funds are earning the optimum amount of interest each day. No longer is it necessary to spend time estimating how much money to sell or borrow in Fed Funds. The sweep account automatically moves all of your money into an interest bearing account, maximizing your earning potential while minimizing your costs. Your bank’s overnight funds are handled efficiently; and an established Fed Funds Line permits Fed Funds to be purchased simply by drawing your DDA account to a negative balance.