Sweep account

Two accounts maintained at the same bank, of which – one is interest-bearing and the amounts in it are intended for longer-term investment; – the other account, on the other hand, is used for daily monetary transactions (a combination of two accounts at the same bank; this is useful in managing a steady cash flow between a cash account used to make scheduled payments, and an investment account where the cash is able to accrue a higher return). Some banks and also credit card companies now offer transfer accounts to private customers and small businesses. – See account, automatically balanced, account balance adjustment, automatic.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/