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by type-r 1334 days ago
and in exchange all they ask is that you don't expect FDIC insurance
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> With the brokerage cash sweep program, the uninvested cash in your brokerage account (cash intended for investing but that you have not yet invested or spent) is swept to program banks, where it becomes eligible for FDIC insurance up to $1.5 million or $250,000 per program bank,