Sentences with phrase «move excess funds»
Maximize your company's interest income with Trustmark's Investment Sweep product to automatically move excess funds from your company's checking account (s) to your choice of available investment options.
https://www.trustmark.com/ Not exact matches
During the financial crisis the implementation date was moved forward to October 2008, the Fed's hope at the time having been that a positive interest rate on excess reserves (IOER) would establish a new, above zero «floor» for the effective federal funds rate.
People or businesses who want to have a portion of their money earning interest could also link their checking account to a student savings account which would allow for any excess funds to be moved there.
Sweep Accounts - Excess funds from bank accounts are automatically moved into a money market account overnight, and then moved back the next morning.
If you don't like keeping excess funds in your checking account, it does not make sense to pay a premium to bank with an institution that charges you for moving money around.
If forced to withdraw more from your RRIF than you need to live on, you can pay tax on withdrawals, then move some of the excess funds into your TFSA.
The largest moves occurred in four funds that saw outflows in excess of 1 % of assets.