A convenient sweep arrangement allows funds to be transferred automatically to your checking account. Certain restrictions apply. The Harbor Bank statement savings account provides flexibility and easy access to your business funds. Whatever your investment strategy, be sure to include a fully FDIC-insured Certificate of Deposit from Harbor Bank. The sweep account is an interest-earning companion account for commercial checking accounts.
Funds remain in the account until automatically transferred to cover a check.
No transfer fees apply. Minimum balance requirement. Using a computer, modem, and the Harbor Link product, you have full service access to your financial institutions accounts. Cash managers can look up detailed data regarding an account's current and anticipated cash position, including balances, holds, presentments and transactions. Initiate transfers between accounts, generate ACH transfers, make federal tax payments, make wire transfers and stop payments - all with the click of a mouse.