Money Market Sweep

A smart, convenient way to earn interest and make your large-dollar deposits eligible for multi-million-dollar FDIC insurance. With Insured Money Market Sweep, you can secure your large deposits while maintaining access to funds and earning interest on funds placed into money market deposit accounts.

 

 

Why Money Market Sweep?

 

Money Market Sweep offers multiple benefits to depositors who want to combine the security of access to FDIC insurance with the convenience of working with just one financial institution.

 
  • Peace of Mind. Using the Money Market Sweep service, you can access multi-million-dollar FDIC insurance on Money Market funds.

 
  • One Relationship. You work directly with Valley, a local Money Market Sweep Network member – a financial institution you know and trust.

 
  • One Statement. You receive one regular statement detailing your Money Market account. You no longer need to manually consolidate statements at the end of each month, quarter or year. 

 
  • No Ongoing Collateralization. Because Money Market Sweep Savings deposits are eligible for FDIC protection, you may not need to continually collateralize your deposits. This can eliminate the time-consuming task of tracking changing collateral values on a recurring basis.

 
  • Community Investment. Your funds can support lending initiatives, including special development projects that strengthen your local community.


  

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