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Sweep Accounts are for those commercial customers who want to earn a higher interest rate on large checking account balances.
We daily sweep excess funds into and out of your Legacy Bank checking account to a high-yielding money market account at a large, well-respected money market provider. This allows you to earn a higher rate of interest than you could in your checking account while still giving you the flexibility you need from that checking account.
Trust Accounts are not covered by FDIC insurance.
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