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Some brokerage sweep accounts are paying more than 4% on uninvested cash—is this a good place for your savings?

NerdWallet Published: May 11, 2023 at 5:02 a.m. ET Some sweep accounts offer high yields and bank-like features, but check the fine print. Until recently, sweep accounts have yielded less than 1% a year. istock This is reprinted by permission from . The investing information provided on this page is for educational purposes only. NerdWallet does

some-brokerage-sweep-accounts-are-paying-more-than-4%-on-uninvested-cash—is-this-a-good-place-for-your-savings?

NerdWallet

Some sweep accounts offer high yields and bank-like features, but check the fine print.

Until recently, sweep accounts have yielded less than 1% a year.

istock

This is reprinted by permission from . The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

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