Overnight deposits
Funds which remain on your bank account (or current accounts) at the close of day are invested for one night in an account attracting higher interest than current accounts. On the following morning the funds return to your current account.
An automatic O/N deposit is an instrument whereby funds are invested daily without your additional instruction.
How do you benefit:
effective use of daily cashflow surplus,
attractive one day interest rate,
convenient method of maximizing your business revenues,
certain and safe return on invested capital.
