A brokerage account whose cash balance is automatically transferred into an interest-bearing investment, such as a money market fund.
Related information about sweep account:
- Sweep account - Wikipedia, the free encyclopedia
A sweep account is an account set up at a bank or other financial institution where the funds are automatically managed between a primary cash account and ...
- Sweep Account Definition | Investopedia
A bank account that automatically transfers amounts that exceed (or fall short of) a certain level into a higher interest earning investment option at the close of ...
- Sweep Accounts
A Sweep Account is a smart business choice if your checking account balance typically significantly exceeds your daily operating expenses. At the close of each ...
- Sweep Account - Financial Dictionary - The Free Dictionary
Account providing that a bank invest all the excess available funds at the close of each business day for the firm. Asset Management Account. An account at a ...
- What is a Sweep Account and How Do I Use It?
Aug 15, 2011 ... A sweep account is how brokerages handle your cash. Are you maximizing the return on your cash in your sweep account, or is your brokerage ...
- Why You Need to Know about Sweep Accounts | Banking & Finance ...
A sweep account links a commercial checking account with an investment account, ... A sweep account allows a business to invest smaller dollar amounts on a ...
- Sweep Accounts | Fifth Third Bank
Consider these Sweep Account options: Consolidated Sweep—The Consolidated Sweep feature allows you to aggregate investable balances from multiple ...
- How Sweeps Work - E*Trade
A Sweep Account is an interest-bearing account for any uninvested cash that ... Cash is automatically swept daily into the Sweep Account, earning you interest.