How does TD Ameritrade's cash sweep feature work for cryptocurrency investors?

1 answers

• May 01, 2022 · 3 years ago
  As a cryptocurrency investor, you'll be happy to know that TD Ameritrade's cash sweep feature can help you earn interest on your uninvested cash. When you have cash in your account that is not being used for trading, TD Ameritrade automatically sweeps it into a cash sweep vehicle. This vehicle could be a money market fund or an FDIC-insured deposit account. By doing this, TD Ameritrade ensures that your idle cash is not just sitting there, but actually working for you. This feature is a great way to maximize the potential returns on your investment and make the most of your cash holdings. Keep in mind that the specific cash sweep vehicle and interest rates may vary, so it's always a good idea to check with TD Ameritrade for the latest details.
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