Eli5: What is a cash sweep account, and should I use that or a cash balance? 435 viewsJanuary 3, 2024 Question90.44K May 24, 2021 0 Comments Eli5: What is a cash sweep account, and should I use that or a cash balance? In: Other 1 Answer ActiveNewestOldest Anonymous Posted May 24, 2021 0 Comments Cash and sweep accounts, as part of an investment account, are basically a money market account that holds your cash on hand. It let’s you make a little interest why not actively investing. No reason not to use it. Register or Login
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