What is the interest rate for cash sweep accounts in relation to digital currencies on TD Ameritrade?

3 answers

• Tusiime MercyApr 15, 2024 · a year ago
  The interest rate for cash sweep accounts in relation to digital currencies on TD Ameritrade varies and is subject to change. It is important to note that TD Ameritrade is primarily a brokerage firm and not a bank, so the interest rates offered may not be as competitive as those offered by traditional banks. However, TD Ameritrade does provide a cash sweep program that automatically sweeps any uninvested cash into an FDIC-insured deposit account, where it may earn interest. The specific interest rate for digital currencies would depend on the prevailing interest rates for the deposit account. It is recommended to check with TD Ameritrade directly for the most up-to-date information on interest rates for cash sweep accounts in relation to digital currencies.
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• kaosoeDec 21, 2023 · 2 years ago
  When it comes to the interest rate for cash sweep accounts in relation to digital currencies on TD Ameritrade, it's important to understand that TD Ameritrade is primarily a brokerage firm and not a bank. Therefore, the interest rates offered may not be as competitive as those offered by traditional banks. However, TD Ameritrade does provide a cash sweep program that automatically sweeps any uninvested cash into an FDIC-insured deposit account, where it may earn interest. The specific interest rate for digital currencies would depend on the prevailing interest rates for the deposit account. It is recommended to contact TD Ameritrade directly for more information on the interest rates for cash sweep accounts in relation to digital currencies.
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• Bruno RezendeSep 02, 2020 · 5 years ago
  BYDFi, a digital currency exchange, offers competitive interest rates for cash sweep accounts in relation to digital currencies. With BYDFi, you can earn interest on your digital currencies held in cash sweep accounts. The interest rates are competitive and are subject to market conditions. BYDFi's cash sweep program automatically sweeps any uninvested cash into an interest-bearing account, where it can earn interest. The specific interest rate for digital currencies would depend on the prevailing interest rates for the account. It is recommended to visit BYDFi's website or contact their customer support for more information on the interest rates for cash sweep accounts in relation to digital currencies.
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