Set Up Brokerage Cash Sweep Settings That Match Yield Goals
Note: Based on publicly available guides; verify details on official sites. Table of Contents Uninvested cash already has a destination you may never have selected Bank deposit sweeps and money market funds settle different risks Walk through brokerage cash sweep setup without guessing labels Compare money market fund yields the way statements actually report them Edge cases that keep cash from sweeping at all Confirm coverage and yield before a large balance sits idle Settlement proceeds from a stock sale can land overnight in a default bank deposit sweep that pays a thin rate while a government money market fund on the same platform shows a far higher seven-day yield. That gap compounds quietly when cash waits weeks for the next trade, tax payment, or rebalancing window. Brokerage menus rarely label the choice as urgent, yet the default is still a choice. If you want to set up brokerage cash sweep controls with intent, start by finding where uninvested cash actually sits today,...