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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

Charles Schwab
By Bankrate.com
 
Study results
Select:
Broker: Charles Schwab
Web site: www.schwab.com
Sweep accounts
Money market fund
Default sweep account
Cash in account
Rate
Yield
Ticker symbol
Expense ratio
Bank Sweep Future
<$10,000
0.11%
0.11%
 
$10,000 - <$25,000
 0.11% 0.11%    
 
$25,000 - <$100,000
 0.11% 0.11%    
 
$100,000 - <$250,000
 0.25% 0.25%    
 
$250,000 - <$500,000
 0.25% 0.25%    
 
$500,000 - <$1 million
0.50% 0.50%    
 
$1 million - <$2.5 million
0.50% 0.50%    
 
$2.5 million - $5 million
0.50% 0.50%    
 
$5 million or more
0.50% 0.50%    
Comment: None
Date: March 31, 2008
Money market fund Schwab Cash Reserves
Can $ be swept into a MMF automatically? (Yes/No)
Yes
Minimum to invest
$500,000 HH
Additional deposits
No minimum
7-day effective yield
2.69%
Ticker symbol
SWSXX
Expense ratio
0.68%
Comment: $500,000 in household assets with Schwab required to have a money market fund set up as default sweep account.
Date: March 28, 2008
Create a news alert for "investing" -- Posted: April 24, 2008
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