why are sweep accounts useful 
sweep accounts whether for business or personal use are an easy way to ensure that money is earning a return rather than sitting in a low interest bank account some institutions offer an auto sweep feature whereby the sweep account is linked to the non sweep account and the transfers are initiated automatically when the defined thresholds upper and lower are crossed the bottom linesweep accounts are bank brokerage accounts that move excess money between a client s cash account and an investment account when the monetary level in the cash account exceeds the required amount the excess is moved into the higher interest bearing investment account automatically this allows the client account to earn interest on money that isn t being used 