No. of Recommendations: 0
By the way, Fidelity pays a lot more on cash left in a brokerage account. My excess cash in my Fidelity account gets swept into a money market account that's currently paying 2.05%.
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I venture to guess you had the sweep arrangement in place over a couple of years ago, or else you yourself must enter an order to make the sweep transactions. A while back, most brokerages stopped doing that automatically. I think at Fidelity, to be eligible for automatic sweeps to a money fund you need something like over $1 mill. in assets. Otherwise your cash balance gets something like 0.1% or less. Same at Morgan Stanley. Same at Schwab. My emergency/opportunity cash fund is in a money market fund at Schwab, where I get over 2.25%, but I have to enter an order to buy/sell from the money market fund.

Bill
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