Transfer any funds over a set balance from one account to another.
Remembering to move extra money out of an account is difficult. Maybe you have an alert in your calendar to remind you to move extra funds after you get paid or at the end of the quarter. If you are like many people, you simply leave that extra money in your account because it’s safe there and you can see it whenever you like.
The problem with both of those methods is that your money is not doing as much work as it could be. Inflation is a real part of our financial lives and any additional money in a depository account should be put to better use: paying down credit cards, investing in the equity markets, or just earning interest in a savings account. We built the Sweep routine so that you can put your money to its most effective use – you get to keep a balance you are comfortable with and Astra will transfer the extra funds so you don’t have to think about it.
Setting up a Sweep Routine is simple:
Keep the balance you want, and save the rest with Sweeps