Robora not only offers a high-yield cash account but also provides in-depth cash management analysis to help you optimize your finances. After reviewing your external bank accounts, Robora determines the amount required to cover your weekly expenses by recommending both ‘Lower Limits’ and ‘Upper Limits’. Any balance exceeding the upper limit is classified as ‘Excess Cash’, and you have the flexibility to ‘Customize’ these limits to suit your needs.
By enabling the weekly sweep feature:
Seamless Transfers: Robora automatically transfers the excess cash into your high-yield Robora account.
Automatic Top-Ups: If your external bank account balance falls below the lower limit, Robora transfers the necessary funds back to restore the balance to the set lower limit, ensuring liquidity is maintained.
This automated approach ensures that your idle funds don’t remain unused but instead generate meaningful returns, while simultaneously maintaining liquidity in your external bank account without requiring manual intervention. This system helps you make the most of your savings with minimal effort.