Brokerage Sweep Accounts Offer Safety but Awful Return
Submitted by BankMan (bestcashcow.com)
Millions of investors have parked their cash in brokerage sweep accounts. In most cases, this is a bad idea.
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Related Tags: Reward checking, Banks, Checking accounts, Credit unions, Brokerage sweep accounts, Personal finance, High rates, Best rates, Interest rates, Infrastructure fund, Cash yields, Free checking, Savings, Interest checking, Banking, Macquarie.
It has been over two years since we saw the first surge of reward checking accounts. Have they lived up to expectations? I reviewed my old posts and picked 5 nationwide reward checking accounts...
This article is pretty old news for regular readers of BestCashCow but it reinfornces what we have known for some time - the best rates are with the small banks and the Internet banks. I also...
Millions of investors have parked their cash in brokerage sweep accounts. In most cases, this is a bad idea.
This is a good review of the new high yield reward checking accounts that many small banks and credit unions have started to offer. I've been using one now for the last 5 months, and it still...
The yield on the Macquarie Infrastructure Fund (MIC) has become very interesting and this article suggests that there may be an opportunity here. Obviously, it is still much to early to buy if we...
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Type
|
Top APY/Rate
|
Institution
|
|
2.25%
|
Everbank
|
|
|
0.35%
|
Flex Funds
|
|
|
1.25%
|
Country Bank for Savings
|
|
|
1.50%
|
Country Bank for Savings
|
|
|
2.00%
|
First City Bank
|
|
|
2.15%
|
USAA Federal Savings Bank
|
|
|
2.30%
|
Atlantic Coast Bank / First City Bank
|
|
|
2.81%
|
USAA Federal Savings Bank
|
|
3.25% |
Bank United |
|
|
3.50%
|
Bank United
|
|
|
3.36%
|
US Treasury
|
|
4.30% |
Royal Bank of Missouri |
|
2.00% |
Alliant CU / Connexus FCU |
|
1.51% |
Wings Financial CU |
|
|
1.76%
|
Wings Financial CU
|
|
|
2.10%
|
Alliant CU
|
|
|
2.53%
|
Wings Financial CU
|
|
|
3.03%
|
Wings Financial CU
|
|
|
0.09%
|
Various brokerages
|
|
|
0.19%
|
Various brokerages
|
|
|
0.92%
|
Various brokerages
|
|
|
2.45%
|
Various brokerages
|
|
|
3.77%
|
Various brokerages
|
See more product and rate information