Cash Management

Earn interest on funds you're not using for your business. The Cash Management allows partnerships and incorporated businesses to earn interest on otherwise idle funds. The system uses a combination of two accounts to provide ready access as well as solid earnings potential. For daily check writing, a collected balance of $2,500 is maintained in the Commercial Checking Account. For interest earnings, the balance of the collected funds is held in a Repurchase Agreement.

Funds on deposit in the Repurchase Agreement earn daily compounded interest, based on balance and market conditions.

NSB Cash Management Sweep

Minimum Balance: $2,500 collected balance in checking
(maintained via automatic transfers to or from the Repurchase Agreement)

Minimum Balance to Open: $10.00

Per check Charges: $0.20 per item processed
$0.15 per check deposited

Interest: No interest or earnings credit is paid

Repurchase Agreement

Service Charge:

$50.00 per month (2 way)

$100.00 per month (3 way)

Interest: Compounded daily and credited monthly

Repurchase Agreement Disclosure
Not FDIC Insured Not Bank Guaranteed May Lose Value
Not Insured by any Federal Agency Not a Bank Deposit

Speak with our Commercial Lenders for the latest rates on Repurchase Agreements.

Repurchase Agreement definition: A repurchase agreement is a transaction involving the "sale" of securities by NSB to the customer, subject to an agreement by NSB to repurchase the securities in specified circumstances. The Repurchase Agreement is a nondeposit investment product. It is not insured by the FDIC, it is not a deposit or other obligation of, or guaranteed by, NSB, and it is subject to investment risks, including possible loss of the principal amount invested.