Eurodollar Sweep
Colorado State Bank and Trust's Eurodollar Sweep is an excellent way to fully utilize funds in excess of those needed to support daily activity. To accommodate offshore or "eurodollar" deposits, we have established a branch in the Cayman Islands. As a result, we can offer our commercial customers a dollar denominated, interest-bearing deposit account for use in its Sweep service. Because this is a legal branch of the Bank, all deposits are backed by the full faith and credit of the main bank.
Benefits
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Excess operating account balances are always fully invested at current market rates.
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The "sweep" feature eliminates the need for your involvement in determining cash position and investment decisions.
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The status of your automatic investment in the Eurodollar account is also available on a daily basis via NetConnect.
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Monthly statements detail all activity.
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