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Sweep Account (Repurchase Account)

NOT FDIC insured

The Century Sweep Account is for commercial checking customers with excess balances of $100,000. Our Sweep Account allows small businesses to get higher returns on cash that might otherwise be sitting in a lower return commercial checking account. This account sweeps excess balances into an investment pool which is collateralized at 102% with securities issued or guaranteed by the US Government or US Government agencies. When your checking account drops below its required balance, the bank automatically "sweeps" back enough cash to bring your account up to its required minimum balance. Because most small businesses don't have the time or capital to reap the benefits of more profitable investments, sweep accounts make a lot of sense.

Century Banks tiered interest levels are:

• $0 – 49,999
• $50,000 – 99,000
• $100,000 – 499,999
• $500,000 – 999,999
• $1 million and above

There is a service charge of $50 per month for cash management services. For more information on the Century Sweep Account contact businessbanking@centurybankfl.com.

Rates on Sweep Accounts are set by management and subject to change without notice.