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Exclusive
Cash sweep accounts
STATISTIC:
The average annual yield paid on amounts up to $100,000
is 0.56 percent in these cash accounts.
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Cash sweep results
Banc of America
By
Bankrate.com
Study results
Select:
A.G. Edwards
Banc of America
Charles Schwab
Edward Jones
E*Trade
Fidelity
Firstrade
Merrill Lynch
Morgan Stanley
Muriel Siebert
OptionsXpress
Scottrade
Sharebuilder
Smith Barney
TD Ameritrade
TradeKing
UBS
Vanguard
Wachovia
WellsTrade
Broker:
Banc of America
Web site:
www.bankofamerica.com
Sweep accounts
Money market fund
Default sweep account
Cash in account
Rate
Yield
Ticker symbol
Expense ratio
Columbia Cash Reserves
$1+
2.41%
NSHXX
0.80%
Comment:
None
Date: March 28, 2008
Money market fund
Columbia Government Reserves
Columbia Municipal Reserves
Columbia Treasury Reserves
Columbia California Tax-Exempt Reserves
Can $ be swept into a MMF automatically? (Yes/No)
Yes
Yes
Yes
Yes
Minimum to invest
$1
$1
$1
$1
Additional deposits
$50
$50
$50
$50
7-day effective yield
1.84%
1.81%
1.36%
1.32%
Ticker symbol
NRDXX
NMDXX
NDLXX
NADXX
Expense ratio
0.80%
0.80%
0.80%
0.80%
Comment:
None
Date: April 4, 2008
Create a news alert for "investing"
-- Posted: April 24, 2008
<< Previous article
RESOURCES
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TABLE OF CONTENTS
Cash sweep study
Class-action lawsuit
Study results
CDs and Investments
Compare today's rates
1-year CD
6-month CD
3-month CD
5-year CD
1-year jumbo CD
Money Market Account
Jumbo MMA
NATIONAL OVERNIGHT AVERAGES
1 yr CD
1.74%
2 yr CD
2.06%
5 yr CD
2.89%
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Understanding Bankrate's rate averages