Our Fed Funds services are designed to help you get more from the excess funds in your correspondent account in two distinct ways – sweep or manual.
- Fed Funds Sweep Investment – Delivers investment return on overnight funds.
- Manual Fed Funds Investment – Delivers investment return on overnight funds. Call us prior to 3:00 p.m. CST (4:00 p.m. EST) to begin investment transactions.
- With the Fed Funds Sweep, you don't have to initiate the transactions, rather the system is designed to take care of them on your behalf.
- With Manual Fed Funds Investments, the transaction is initiated by you and under your control.
* All Correspondent Services products are offered through First Tennessee Bank, NA.