North Shore Bank’s Liquidity Management products allow you to easily invest your excess cash and in the process maximize your company’s earnings.
Make your money work harder with an overnight investment that generates an automatic transfer of excess balances from deposit account to overnight investments. These investments earn interest and maintain the liquidity needed to cover your checks.
At your direction, North Shore Bank can set a target amount to be kept in your account at the end of each day. Your excess collected balances, above the target, are then automatically swept into an overnight investment vehicle.
With an Overnight Sweep from North Shore Bank you’ll enjoy a variety of features and benefit.
- Convenience, the process is entirely automated
- Earn a competitive yield on your balances
- Liquidity – funds are fully invested but still available for use
For information about cash management products and services at North Shore Bank — including Collection Services — contact Peter Malinowski at (978) 538 -7072