Liquidity Management
At Thomaston Savings Bank, we recognize that maximizing your money's potential is a top priority for your business. That's why our Liquidity Management solutions are designed to optimize your cash flow and minimize risk. We offer a variety of sweep accounts to help you earn interest on your cash balances while streamlining your operations. These sweep services automatically transfer your excess funds to either grow or protect your money, ensuring your money is working as hard as you do.
Liquidity Management Highlights
Earn Interest on Idle Cash
Earn interest on your idle cash, which can improve your cash flow and bottom line.
Simplify Your Operations
Automate your treasury management tasks, freeing up your time to focus on running your business.
Reduce Risk
Get the security of investing in cash deposits with the additional safety of FDIC insurance coverage.
Grow Your Business
Improve efficiency, profitability, and risk management so you can expand your business with greater ease.
Liquidity Management Services
The Zero & Target Balance Sweep service from Thomaston Savings Bank consolidates your funds in a master account and disburse to subsidiary accounts automatically. When your accounts are funded this effectively, your business can reduce idle balances, simplify account reconciliation, and maximize the use of its funds.
- Centralize your funds
- Automatically transfer between your master and subsidiary accounts to meet your set parameters at the end of each business day
- Transfers are automatic, eliminating the need to manually initiate transfers
With Thomaston Savings Bank’s Investment Sweep, you can automatically invest excess cash into a variety of investment options. We believe that cash should never just sit there. That's why we offer a smart way to make your idle cash work harder for you.
- Automatically sweep excess cash into a business savings or money market account at Thomaston Savings Bank at the end of each business day
- By earning interest on idle funds, this sweep service can seamlessly roll into your business’s investment strategy
At Thomaston Savings Bank, we offer the Insured Cash Sweep, providing the security of investing in cash deposits with the added safety of multi-million-dollar FDIC insurance coverage. We’ll automatically sweep funds to deposit accounts at various banks within our network, keeping your exposure below FDIC limits while still earning interest income on excess balances.
- Extended FDIC coverage for your cash without managing relationships with multiple banks
- Stay up to date on your accounts with one centralized statement
Meet The Team
Patricia Clemente
AVP, Business Relationship Manager
Michael Dayton
AVP, Business Relationship Manager
Ready to Get Started?
Fill out the form below to get in touch and find out more about our Treasury Management.