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A simple way to save

A Business Daily Repurchase Fund is available to any company with extra money to invest. Excess money is moved on a daily basis to or from this account, which is attached to a business checking account in order to efficiently manage cash flow in an automated process. Interest is calculated daily and credited monthly.

Features

  • Minimum to open: $25,500
  • Variable interest rate subject to change monthly based on market conditions
  • Available to corporations, partnerships and other for-profit organizations
  • Different fund rates available; a Treasury Management Officer will review the account history and work with the client to set target balances
  • Monthly fee for this account
  • Account not FDIC insured; backed by securities pledged at Federal Reserve for repurchase agreements

The transfer cutoff time is 6 p.m. EST. Transfers processed after that will be credited on the next banking day.

Treasury Management Team

[portrait]

Tabitha Bishop

Vice President

Treasury Management

TBishop@farmersbankgroup.com

[portrait]

Roberta Harding

Vice President

Treasury Management

RHarding@farmersbankgroup.com

[portrait]

Jessica Jay

Assistant Vice President

Treasury Management

JJay@farmersbankgroup.com

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