When you are in charge of a business’ finances, there is a lot of information and funds to keep track of. Our line of investment and information management products help to keep account information at your fingertips through mobile banking and helps your “extra” cash work for you through various sweep accounts. Take a look at our services and contact us if any one of them looks like a perfect fit for your business.
Investment and Information Management Services
You can conduct virtually all of your business banking online, safely, securely and conveniently 24/7. Get details about Business Express Internet Banking , or try an interactive demo of our Business Express Internet Banking.
Our automated telephone banking service, lets you do your banking via a touch-tone telephone. Access account balances, transaction history and initiate transfers right from your phone. Information is available 24/7, 365 days a year. Call 888-290-4636 to easily sign up.
Avidia Bank offers businesses the opportunity to sweep funds to and from checking accounts into overnight repurchase agreements to generate income. Invested funds are completely liquid and available for use the next business day. Reduce idle balances and maximize interest income with Avidia Bank's Sweep to Investment service.
*Overnight repurchase agreements are not deposit products and are not FDIC insured, No Bank Guarantee, May Lose Value.
Should your Avidia account balance fall below a predetermined level, funds can be automatically advanced from a prior established line of credit with this sweep option. The system can also work in reverse, as excess balances can be automatically applied to your line of credit on a daily basis, reducing your interest expense.
Get the best of both worlds! Truly maximize interest income and minimize interest expense. Idle account balances are first applied to the line of credit. If there is no outstanding balance on the line of credit, the funds are invested in overnight repurchase agreements. Conversely, if funds are needed in the operating account, investments are liquidated before any advances are generated from the line of credit.
Sweeps to investments are not deposit products and are not FDIC insured, No Bank Guarantee, May Lose Value.