MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, April 21, 1999 BB&T Introduces Fund Sweep Service Winston-Salem-based BB&T has introduced an investment sweep service that allows small businesses to automatically invest excess checking account funds into money market mutual funds. "We asked our small business customers what they needed and this is what they asked for" said Abbott Whitney, manager of BB&T Treasury Services. "Small business customers need easy, time -sensitive investment options that offer competitive returns so they can stay focused on their core business." The BB&T Money Market Mutual Fund Sweep Service transfers funds daily between the BB&T customer's business checking account and the money market mutual fund of choice. The service is available to small businesses with excess checkingaccount balances between $25,000 and $100,000 at the end of each business day and offers three liquid investment options, the BB&T Prime Money Market Fund, U.S. Treasury Money Market Fund, and Municipal Tax-Free Money Market Fund. Printed from: MFWire.com/story.asp?s=24784 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |