Public Funds Checking

Sun's Public Fund Checking Account addresses the specific requirements necessary for government entities; high yield, daily liquidity and safety of funds.  In addition, this account interfaces with all cash management products and services and is part of a complete array of government banking services.  Public entities are able to streamline their financial operations and gain the benefits of a comprehensive banking relationship. 

The benefits of this account include:

• Interest accrues daily on all accounts, and is posted on the last business day of the month
• There are no 10% Federal Reserve requirements applied in the calculation of interest earnings
• Eliminates the complexities of "sweeps" and investment vehicles
• Competitive market rate offering a variable interest rate indexed to the 91 Day Treasury Bill Investment Yield
• All funds over the FDIC insurance limited are covered by NJ under the Government Unit Deposit Protection Act (GUDPA)

Questions?

Contact Bruce Engle, 856.690.4225 or email