Sweep vehicle options for corporate accounts

Discussion in 'Online Brokers' started by garyw, Jun 5, 2018.

  1. garyw

    garyw Well-Known Member

    Desiring to compare notes:
    One of my accounts at TD Ameritrade is a Sub-chapter S corporate account. The only FDIC Insured option available for a cash sweep vehicle is their TDA Cash sweep @0.01% for corporate accounts (regardless of cash balance)! -- Non-corporate accounts have additional options up to a tad over 0.3% (a function of cash in the account).
    I would like to know if someone with a corporate account is getting better FDIC insured rates on a cash sweep!
     
  2. Steve S

    Steve S Well-Known Member

    Forget FDIC ... go for the money market sweep. For the entity accounts they force you into the government fund at about 1%, for personal accounts you can get another 20-30 bps.
     
  3. garyw

    garyw Well-Known Member

    Last time I did that with TDA, My funds were frozen for years! The loss was understandable with the Lehman mess, but the inability to access my "safe" remaining funds was unacceptable. -- I need to loose a few more memory cells before ready to try that again.
     
    Mark17 likes this.

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice