JOURNAL ARTICLE

MAKE THE MOST OF YOUR SWEEP ACCOUNT.

  • Published In: Kiplinger Personal Finance, 2024, v. 78, n. 2. P. 62 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: HUANG, NELLIE S. 3 of 3

Abstract

This article discusses the importance of maximizing the yield on the cash in your brokerage account. It explains that different brokerage firms offer different yields on their sweep accounts, which hold uninvested cash. Some firms offer high-yield options, while others offer lower-yield options. The article suggests considering alternative options if your cash isn't earning a competitive yield. It also provides tips for choosing the right place for your idle cash, such as considering accessibility and not obsessing over small differences in yields. The article concludes by mentioning the option of investing in T-bills for cash that won't be invested right away. [Extracted from the article]

Additional Information

  • Source:Kiplinger Personal Finance. 2024/02, Vol. 78, Issue 2, p62
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2024
  • ISSN:1528-9729
  • Accession Number:174330288
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