Cash Investment Center

Our Cash Sweep Program

We offer several different cash deposit options under our FDIC Insured Bank Deposit Program (Program), including where we automatically deposit money not invested in securities into banks participating in our Program (each a Program Bank and such sweep option hereinafter referred to as our Sweep Program). Under the Cash Sweep Program you have same or next-day access to your funds without penalties. The other options are FDIC CASH and FDIC CASH PLUS.

See current Cash Sweep interest rates

Using Cash in Sub-Accounts

You can incorporate cash into sub-accounts by using the ticker symbol FDIC.CASH. To do this, buy the ticker symbol FDIC.CASH into a sub-account. Money deposited into an account will generally sweep into our Cash Sweep Program, whereas you need to actually purchase FDIC CASH like a security in order to use it in a sub-account. Cash in FDIC CASH earns interest rate but cannot be used to cover new purchases, checks or electronic funds transfers because it is held like a security.

Cash held in a sub-account can be given a weight just like a security in a sub-account. For example, if you want to hold 10% of your folio in cash, simply buy the ticker FDIC.CASH and set the weight to 10%.

*The sub-accounts feature is not available to all customers, but all customers have access to our Cash Sweep Program.

See current FDIC CASH Interest Rates

Higher Yielding Cash Deposit Options

FDIC CASH PLUS is designed for investors who want higher interest rates on larger amounts of cash, with safety of capital, and easy next-day access to funds. There is a $25,000 minimum deposit to earn interest in this higher-yielding cash vehicle. Balances below $25,000 do not pay interest. FDIC CASH PLUS is only held in Non-folio Holdings.

Learn more about FDIC CASH PLUS

Important Notes