![]() Basically they move your excess money into their general account which they then lend out to people and you get interest for allowing them to do that. The Cash Sweep is basically what it sounds like, think or swim will sweep any excess cash from your account into a higher yielding account. What is cash and sweep vehicle in TD Ameritrade? They are any assets that can be quickly converted into cash. Liquid assets include cash, marketable securities, and accounts receivables. Net liquid assets are a measure of the near-term liquidity position of a firm, calculated as liquid assets less current liabilities. In its simplest form, a sweep vehicle is an investment program designed to provide a return for end-of-day cash held in a custody account. and may not be FDIC insured.READ ALSO: What is PLM module? What is cash and sweep vehicle? ![]() Balances in excess of $1,250,000 ($2.5 million for joint accounts) for the Expanded Bank Deposit Sweep will be deposited at Wells Fargo Bank N.A. The Expanded Bank Deposit Sweep will provide up to $1.25 million in FDIC insurance ($2.5 million for joint accounts with two or more owners). The Expanded Bank Deposit Sweep consists of interest bearing deposit accounts at affiliated and unaffiliated Program Banks. The Expanded Bank Deposit Sweep is the primary Cash Sweep Vehicle for eligible clients. Other benefits include the ability to have up to $1,250,000 ($250,000 per depositor, per insured bank for each account) Federal Deposit Insurance Corporation (FDIC) insurance for deposits in your Wells Fargo Advisors account when deposits are held at all five Program Banks in the Expanded Bank Deposit Sweep Program. With the Bank Deposit Sweep, the more assets you hold with us, the higher your interest rate will be for the cash deposited into the Sweep Program. Wells Fargo page doesn't really help either. Anyone know what an Expanded Bank Deposit is? I do see Expanded Bank Deposit on my deposits but I don't make a deposit for the amount that is showing. However, I didn't make any type of deposit for this amount. I was looking at my Wells Fargo account tonight and it said I had an expanded bank deposit for X amount. Most information to help you learn and practice can be found in our wiki. Related Subreddits (see the rules above for related subs as well) ![]() Read here for more info.Īlmost any post related to stocks and investment is welcome on /r/stocks, including pre IPO news, futures & forex related to stocks, and geopolitical or corporate events indicating risks outside this is offtopic and can be removed. Consider posting to r/SPACs, r/pennystocks, or r/weedstocks instead. No penny stock discussions, including OTC, microcaps, pump & dumps, low vol pumps and SPACs. Non-ETF-related Crypto goes on r/CryptoCurrencies info. No bitcoin or crypto discussions unrelated to stocks. Trolling, insults, or harassment, especially in posts requesting advice, will be removed. Posts regarding this topic will be automatically removed. ![]() The Robinhood app should be discussed in /r/Robinhood. Low effort mentions for meme stocks will be removed, see here. Instead, advertise here.Ĭontext & effort must be provided empty posts or empty posts with links will be automatically removed. Spam, ads, solicitations (including referral links), and self-promotion posts or comments will be removed and you might get banned. Rules (in depth rules wiki here)ĭisclose any related open positions when discussing a particular stock or financial instrument. Almost any post related to stocks is welcome please read the rules below:Ĭlick here to find how many days old your account needs to be and how much karma you need before you can comment or post to r/Stocks.
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