Brokerage firms may seek to sweep cash into affiliated banks, often paying low interest rates. According to some reports, brokers could make 10 times more than their customers do on their cash.

So far the Federal Reserve has declined to cut interest rates in 2025, which means brokerage cash sweep rates are still quite high — where they are available. These brokers pay the best rates on ...

If you pay attention to financial news, you may have heard the term “prime rate” and wondered what it meant. You might have even confused it with the federal funds rate or your loan’s ...