| 单词 | sweep account |
| 释义 | sweep accountDefinition Banking arrangement in which a checking (current) account balance above or below a certain amount is automatically transferred to and from an interest-bearing (savings or money market fund) account. The objective of a sweep account is to maximize the accountholder's interest earnings while covering all withdrawals. Use 'sweep account' in a SentenceIf you have a sweep account you must check it often to make sure that you still have as much as you believe in it. I liked how the sweep account worked and I wondered if I could open one and start using it as soon as possible. After I started my first full-time job, I changed my basic checking account into a sweep account to boost my investment capabilities, because my new income finally allowed me to maintain the minimum balance while still covering all of my expenses. |
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