More big banks are actively marketing a type of deposit account in which excess balances are swept into short-term investments, according to a consultant's research.

Each day, these so-called sweep accounts move some $27 billion from deposit accounts into short-term investments including government securities, mutual funds, and commercial paper.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.