Liquidity Management

Your idle cash should earn a return – even if it's only for a week or just a day. Cash reserves are essential for the occasional cash shortfall or the unplanned business opportunity that's too strategic to pass up. Our Liquidity Management capabilities allow you to take advantage of opportunities to grow your cash balances while preserving liquidity and maintaining acceptable risk.

Once cash is collected, you need to pool it from multiple accounts or collection points into one convenient point of access. Concentrating your cash in one place simplifies access and control. Companies with multiple locations and accounts at various banks are particularly concerned with concentrating cash rapidly and efficiently. First Midwest enables your business to consolidate cash and make it available for funding your strategies – operating your business, paying down debt or just earning more cash. Cash Concentration services are ideal for companies with large balance accounts in outlying banks, multiple lockbox collection sites, multiple banking relationships and/or branch locations or regional collection centers.

Business Money Market Account

This investment account is available to businesses, organizations, sole proprietorships, security deposits, escrow funds, trusts and other fiduciary accounts, public funds and nonprofit organizations operating for religious, charitable, educational or similar purposes. A $2,500 minimum balance is required.

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Premier Business Money Market

Earn greater returns on your higher balances with a tiered rate structure account. First Midwest's Premier Business Money Market allows your commercial funds to earn a variable interest rate based on the balances and is based on the amount of funds you have in your account. A $50,000 minimum is required to open and maintain this account.

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Certificates of Deposit

Certificates of deposit offer fixed rates over a specified term – generally from 30 days to five years. Annual percentage yields are higher than with savings accounts and typically increase with the length of the term. CDs are excellent investments for those who don't require liquidity and seek a predictable return.

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Repurchase Agreements1

Repurchase Agreements are collateralized by U.S. Government securities and are an excellent investment for those who need to maximize their earnings with the opportunity to choose a specific maturity date. These interest-bearing investments provide enhanced earnings based on length of term committed to the funds. Repurchase Agreements offer fixed rates over a specified variable term, generally from 30 days up to 365 days (municipalities have a maximum term of 330 days). The minimum Repurchase Agreement amount is $100,000.

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Zero Balance Account

Concentrate funds in a single account while benefiting from the flexibility of multiple disbursement accounts. Zero Balance Accounts (ZBAs) provide an automated, efficient means of cash flow control between multiple disbursement accounts. ZBAs eliminate the need to maintain idle balances in disbursement accounts in anticipation of checks clearing. Funds transfer from a central account to the disbursement accounts to cover actual clearings.

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Cash Concentration

Once cash is collected, you need to pool it from multiple accounts or collection points into one convenient point of access. Concentrating your cash in one place simplifies access and control. Companies with multiple locations and accounts at various banks are particularly concerned with concentrating cash rapidly and efficiently. First Midwest's Concentration services enable your business to consolidate cash and make it available for funding your strategies – operating your business, paying down debt or just earning more cash. Cash Concentration services are ideal for companies with large balance accounts in outlying banks, multiple lockbox collection sites, multiple banking relationships and/or branch locations or regional collection centers. 

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Sweep to Investment or Loan

Available to institutions and public entities, our Institutional Cash Management Account2 optimizes interest earnings with automatic sweeps to an overnight repurchase agreement (repo). This provides interest on excess funds and eliminates any surplus cash position, allowing specified cash levels to be maintained. Another option is to sweep-to-loan, where an overnight sweep can pay down your line of credit with the bank. Based on a predetermined threshold balance, excess cash in your checking account is automatically transferred to or from your investment account/line of credit as needed. With these options, you'll be certain that the most is being made of your surplus cash. 

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Get Connected

Connect with a Treasury Management Officer to add a little momentum to your business today.

Kristen Saranteas
708.831.7466

Lending Momentum To All Kinds Of Companies | View Recent Deals

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