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Investor Sues Merrill Lynch Over ‘Paltry’ Cash Yields
FYI: With interest rates heading down these days, investors may be wondering what they are earning on cash reserves. If their money is held in a brokerage “sweep” account, the answer is probably not much. Sweep yields are well below 0.25% at most brokerage firms, according to Crane Data. That pales in comparison with money-market fund yields at around 1.9%. Regards, Ted https://www.barrons.com/articles/investor-sues-merrill-lynch-cash-yields-51567113968?mod=hp_DAY_8
