EazySweep Investment Account

The EazySweep Investment Account is an investment account with a sweep facility that allows customers to save . The account is linked to a Current account. When the balance in the current account reaches a certain maximum, the excess money is swept to the Investment account. When the balance in the current account is below a certain minimum, the shortfall is swept from the Investment account back to the current account . This automation ensures your money works harder for you without requiring manual transfers

The EazySweep Investment Account targets Corporate and High Net-worth customers . It is designed for individuals and organizations that maintain higher balances in their current accounts and want to earn better returns on idle funds while keeping their current account operational for daily transactions.

This account offers several valuable features. It provides an easy way to save money without requiring constant manual intervention, as the sweep facility automates the transfer process. The account earns higher interest compared to standard current accounts . This means your excess funds are automatically moved to an interest-bearing investment account, helping you grow your savings while maintaining liquidity for daily business needs.

The EazySweep Investment Account requires a minimum account balance of MWK 500,000 . This threshold reflects the account's target market of corporate and high net-worth customers who typically maintain substantial balances in their current accounts.

To open an EazySweep Investment Account, you must provide valid identification. Acceptable forms of ID include a valid passport, valid driver's license, or Malawi Electoral Commission registration card accompanied by a letter from a recognized authority. Alternatively, a letter from an employer along with an employee ID is accepted. You will also need to provide proof of residence, such as a water bill or other utility bill confirming your address .

Unlike a standard savings account where you must manually transfer funds, the EazySweep Investment Account automates the entire process. The account is linked to your current account, and the sweep facility continuously monitors your balances . When your current account balance exceeds a preset maximum, the excess is automatically swept to the investment account to earn higher interest. When your current account falls below a preset minimum, funds are automatically swept back to cover the shortfall. This ensures you maintain sufficient liquidity for daily transactions while maximizing returns on idle cash, making it an ideal solution for businesses and high-net-worth individuals with fluctuating cash flows.