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How Brokerages Use ‘Sweep Accounts’ And Cash In On Your Desire For Convenience

TedTed
in The Bullpen
FYI: With the market getting choppy, investors may want to horde some cash for peace of mind—and dry powder in case stocks get really cheap. But don’t expect to earn much yield on cash reserves if you keep them in a brokerage “sweep” account.
Regards,
Ted
https://www.barrons.com/articles/brokerage-sweep-accounts-51565986278?mod=djem_b_Weekly Feed for Barrons Magazine
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