Paragon's Automated Investment Sweep services can help you earn interest on idle checking account balances.  The investment transactions are fully automated with the invested funds remaining available at all times to cover checks and other withdrawals from the checking account.  Interest is compounded daily.  Your checking account statement will detail all sweep activity. One sweep option is subject to standard FDIC coverage while another option allows you to invest or to pay down your revolving line of credit with excess funds to save interest expense.