To keep your spare cash growing, consider placing it in a high-yield savings account or investing in securities with strong return potential. Letting your money sit idle is a missed opportunity to ...

Learn how credit sweeps automate cash management to reduce debt costs. Discover examples and understand their benefits for ...

The financial advice industry’s skirmish over cash sweep accounts is taking another turn, with clearing giant Pershing evaluating plans to create a new charge, akin to a tax, on cash held by its ...

Charles Schwab reported a jump in customers’ uninvested cash held in sweep accounts, a sign the company is putting its cash-sorting woes firmly in the rearview mirror. Cash-sorting refers to the ...

PALO ALTO, Calif., Nov. 27, 2023 /PRNewswire/ -- The intuitive investment and trading platform moomoo has recently updated its Cash Sweep program in the US, with a compelling 5.1% annual percentage ...

Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle Securities and Exchange Commission charges that they failed to pay advisory ...

The U.S. Securities and Exchange Commission has officially closed its yearlong investigation into Morgan Stanley’s cash sweep practices in advisory accounts—without recommending any enforcement action ...

QWells Fargo brokerage recently instituted a policy that directs all cash in a brokerage account into its Wells Fargo Cash Sweep. Interest paid varies based on the total account value -- from 0.3 ...