Schwab is defaulting cash positions to Bank Sweep (0.45% interest rate) as opposed to Money Market Funds (4.8%).
by Harbinger2nd As the title states, Schwab is pulling some pretty shady stuff right now. I decided to log into my Schwab account to check out my cash position and the interest rate accrued from being held in a MMF (Money Market Fund). According to Schwab’s own disclosure which you can find here View post on imgur.com … Read more