Brokerages can sweep the money from a cash account into an FDIC-insured interest-bearing account, such as a savings account or money market account. The bank accounts brokerages use as sweep ...

check with the bank and brokerage websites to see if there are any minimum deposit issues. Remember to ask. While most banks and brokerage firms offer sweep accounts, don't assume you'll be ...

All other accounts that sweep in the UBS deposit sweep programs are brokerage accounts. Deposit sweep balances in advisory accounts established after the 5th business day of the month will accrue ...

These programs “sweep” client cash into FDIC-insured bank accounts. In some cases, clients’ deposits are fanned out across multiple banks to provide higher levels of FDIC protection.

The best cash management accounts pay high interest rates ... with partner banks and the Insured Cash Sweep (ICS) service provided by IntraFi, FDIC coverage can be extended up to tens of millions ...

With interest rates on the decline, redditors want to know which financial institution has the better option for their ...

Inc. These business accounts will offer competitive interest rates, currently 3.43% as of Feb 26, 2025 and will be eligible to be FDIC-insured up to $5 million through sweep program banks.* ...