By Neel Maitra, Derek Manners and Michael James ( November 1, 2024, 2:36 PM EDT) -- Uninvested cash in brokerage accounts can come from different sources — from dividends, interest payments, and sales and purchases of securities, for example. Rather than allowing cash to sit idle in a low-interest account, investment advisers and broker-dealers often offer investors options to earn higher interest rates on uninvested cash by "sweeping" — i.e., automatically transferring — such cash into a bank deposit account or money market mutual fund....
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