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A comment on Banks Are Now Accused of Cheating Customers Billions. Parent comment
* Schwab's roboadvisor product has decent rates for cash sweep, but their self-directed brokerage has the rather weak rate of 0.45%.
* The first $10k at IBKR earns 0%. Also, IBKR Lite also has a weaker rate (3.83%) compared to IBKR Pro (4.83%).
Of course, with a bit of extra effort, you can buy SGOV etc. in your brokerage for better rates.
[1] https://www.schwab.com/cash-investments
[2] https://www.interactivebrokers.com/en/accounts/fees/pricing-...
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* Schwab's roboadvisor product has decent rates for cash sweep, but their self-directed brokerage has the rather weak rate of 0.45%.
* The first $10k at IBKR earns 0%. Also, IBKR Lite also has a weaker rate (3.83%) compared to IBKR Pro (4.83%).
Of course, with a bit of extra effort, you can buy SGOV etc. in your brokerage for better rates.
[1] https://www.schwab.com/cash-investments
[2] https://www.interactivebrokers.com/en/accounts/fees/pricing-...