The rush for a competitive yield has enveloped the sweep account, which has operated in a quiet, under-the-radar fashion off ...

Fidelity and Charles Schwab have set current yields on their brokerage cash sweep programs just over 3.2%, well below the 4–5% APYs available from leading high-yield savings accounts. Fidelity offers ...

You might not think about the idle cash in your brokerage account very often. But behind the scenes, your money may be earning your brokerage company a lot more interest than it is earning you. Cash ...