No. of Recommendations: 3

TMFSandman wrote, The money market fund my cash is automatically dumping into is SPAXX.

To which you replied, Mine, too. I'm a little annoyed that I can't get a higher yield fund as the sweep; but I was so annoyed with TD Ameritrade a few years ago playing the game of making me move cash to get a higher yield that I moved the cash and all the other investments to Fidelity.

I dumped TD Ameritrade a couple of years ago too. It was the change in their NTF ETF list that metaphorically broke my back. But it followed a pattern of making changes to pad their bottom line by pushing their customers toward higher fee products or eliminating free services (like a sweep account) that provide value and are fairly common at other brokerages.

Of course I also moved those assets to Merrill Edge. They too lack a decent sweep vehicle, even if theirs pays more than TD Ameritrade's. Also like TD Ameritrade, they lack anything that's really a money market type fund - one that intentionally tries to preserve the dollar.

However, they do have some ultra short offerings that do a reasonable job. And if you have the free trades, getting cash into and out of those issue isn't too difficult. And if you don't … well, they actually have one or two decent NTF short duration mutual bond fund offerings that are decent substitutes.

I also have a Fidelity CMA account. The cash in there is in SPRXX, which is paying 2.26% APY. That's like 0.20% more than SPAXX, which I believe is solely invested in government issues and repurchase agreements for the same.

Finally, The joke is on TD Ameritrade; my puny little accounts that they wanted to squeeze extra basis points out of have grown, and the growth wasn't with them.

Same here. The TDA rep called me each time I moved one of my accounts. But I told him the change to the change in the NTF ETF list was just too big a problem to overcome with a bunch of free trades, cash incentives and free access to their internal advisor software platform... He still made the call, more resigned each time I answered the phone.

- Joel
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