| Sweep Account | |
 A bank account that, at the close of each business day, automatically transfers amounts that exceeds (or falls short of) a certain level into a higher-interest earning account. |
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 In a sweep program, a bank's computers analyze customer use of checkable deposits and "sweep" funds into money market deposit accounts. The purpose is to provide the customer with the greatest amount of interest with the minimum amount of personal intervention. That said, sweep accounts were originally devised to get around an old government regulation that prohibited banks from offering interest on commercial checking accounts. |
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 Money Market Tutorial - If your investments in the stock market are keeping you from sleeping at night, it's time to learn about the safer alternatives in the money market. Getting to Know the Money Market - If you need liquidity and safety on a sum of money, don't forgo potential interest by keeping the funds as cash. |
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