Automatic investment services electronically link company operating account cash flows with highly liquid overnight investment services. The service will automatically manage investment of available cash balances. A target balance can be established to offset explicit service charges.
After credits and debits have processed and collected balances less target balance (if applicable) are determined, remaining collected balances in $1,000 increments are invested in one of the predetermined investment instruments listed below:
- Repurchase Agreements
- Goldman Sachs Government Fund
- Goldman Sachs Tax-Free Money Market Fund
Automatic investment is not a deposit and is not insured by the Federal Deposit Insurance Corporation or any other Federal agency.
Features & benefits
- Account operates as a standard demand deposit account (unlimited withdrawals, deposits, etc.). Available funds are always invested.
- Automation of the daily investment function eliminates the need to manually transfer funds between accounts.
- Investment vehicles enable companies to earn highly competitive interest rates, preserve asset liquidity and minimize capital risk.
- The service increases investment income by earning interest on all eligible funds every night.
- Investment expertise is not required to participate.
- Investment costs are minimized.
