Our Automated Eurodollar Sweep deposits funds in overnight Eurodollar time deposit accounts with our Cayman Islands branch.
These deposits represent obligations of Sovereign to repay the next business day, and are returned with earnings.
A minimum investment for the Automated Eurodollar Sweep is required.
Non-Deposit investment products are
NOT FDIC INSURED
MAY LOSE VALUE
NO BANK GUARANTEE
Should your liquidity needs change, both Automated Eurodollar Sweep and Automated Repo Sweep
services can be linked with our Automated Loan Sweep
to automatically reduce borrowing balances and interest expenses.