Best broker cash sweep rates on uninvested cash

By Matt Miczulski, Feb 16, 2024

Cash sweep programs offer a way to earn interest on your idle money as you wait to invest, and your cash is typically insured by the Federal Deposit Insurance Corporation (FDIC). But brokers pay different rates on uninvested cash and, depending on the number of partner banks, different levels of FDIC insurance.

Here are the best brokerage account interest rates of 2024. Rates are accurate as of February 14, 2024.

For moomoo:

Existing customers can earn a 5.1% APY on uninvested cash, with up to $1 million in FDIC insurance at partner banks. New, qualified customers can earn an extra 3% APY in addition to the 5.1% base APY for three months for a total of 8.1% APY.

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