High-yield cash management accounts are popping up at brokerages nationwide, promising customers much better returns and higher insurance limits than they can get from traditional banks. The accounts are a twist on the sweep accounts brokerages have long offered their customers, where idle cash is swept into a money market account or affiliated bank account... Liz Weston is a writer at NerdWallet.
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Liz Weston, NerdWallet.com
Thu, 02/27/2020 - 7:00am
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