Sweep Account: What It Is and Top Picks in 2026

Excellent for: Casual investors already using Robinhood
APY: Up to 3.60%
Cost: $5/month (Robinhood Gold required)
FDIC insurance: Up to $2.5 million for individual accounts ($5 million for joint accounts)
⚠️ Watch out for: The rate is a Gold feature for self-directed accounts

Robinhood's sweep account integrates seamlessly into its mobile-first trading app, making it easy to earn interest on uninvested cash without any setup friction.

The platform offers a competitive 3.60% annual percentage yield (APY), but Robinhood ties it to a Gold subscription for self-directed accounts and doesn't publish a rate for accounts without Gold. FDIC insurance is provided through partner banks, covering balances up to $2.5 million for individual accounts.

• Why we like it

  Excellent for: Casual investors already using Robinhood
  APY: Up to 3.60%
  Cost: $5/month (Robinhood Gold required)
  FDIC insurance: Up to $2.5 million for individual accounts ($5 million for joint accounts)
  ⚠️ Watch out for: The rate is a Gold feature for self-directed accounts

  Robinhood's sweep account integrates seamlessly into its mobile-first trading app, making it easy to earn interest on uninvested cash without any setup friction.

  The platform offers a competitive 3.60% annual percentage yield (APY), but Robinhood ties it to a Gold subscription for self-directed accounts and doesn't publish a rate for accounts without Gold. FDIC insurance is provided through partner banks, covering balances up to $2.5 million for individual accounts.

• Pros and cons

  Pros

  • Simple, fully automated sweep
  • High FDIC coverage
  • No minimum balance

  Cons

  • Monthly Gold fee required
  • Only available in taxable accounts

• More details

  Available asset types	Stocks, Options, ETFs, Cryptocurrency, Futures, Event contracts, High-yield cash account
  Account types	Brokerage
  Annual fee	$0 per year
  Minimum deposit	$0
  Signup bonus	N/A
  Cash sweep APY	3.60%

Excellent for: Active and professional traders
APY: Up to 3.38% (Pro)
Cost: $0
FDIC insurance: Up to $5 million
⚠️ Watch out for: Eligibility limited to certain IBKR Pro accounts and IRAs; No interest on first $10,000

Interactive Brokers' sweep program automatically moves uninvested cash for IBKR Pro clients across multiple FDIC-insured banks, providing coverage up to $5 million for individual accounts and $10 million for joint accounts. Lite accounts earn interest on cash above $10,000 but do not have access to the FDIC sweep program.

IBKR Pro clients earn up to 3.38% APY on USD cash balances above $10,000, while IBKR Lite clients earn up to 2.38% on the same balances. Cash up to $10,000 earns no interest on either account type. Interest accrues daily and is credited monthly.

• Why we like it

  Excellent for: Active and professional traders
  APY: Up to 3.38% (Pro)
  Cost: $0
  FDIC insurance: Up to $5 million
  ⚠️ Watch out for: Eligibility limited to certain IBKR Pro accounts and IRAs; No interest on first $10,000

  Interactive Brokers' sweep program automatically moves uninvested cash for IBKR Pro clients across multiple FDIC-insured banks, providing coverage up to $5 million for individual accounts and $10 million for joint accounts. Lite accounts earn interest on cash above $10,000 but do not have access to the FDIC sweep program.

  IBKR Pro clients earn up to 3.38% APY on USD cash balances above $10,000, while IBKR Lite clients earn up to 2.38% on the same balances. Cash up to $10,000 earns no interest on either account type. Interest accrues daily and is credited monthly.

• Pros and cons

  Pros

  • Automated cash management for Pro accounts
  • High FDIC coverage (Pro only)
  • Integrated with IBKR trading platform

  Cons

  • No sweep program or FDIC protection for Lite accounts
  • No interest on the first $10,000 of cash
  • Confusing APY structure

• More details

  Available asset types	Stocks, Bonds, Options, Mutual funds, ETFs, Cryptocurrency, Futures, Forex, Treasury Bills, Precious metals
  Account types	Brokerage
  Annual fee	$0 per year
  Minimum deposit	$0
  Signup bonus	N/A
  Cash sweep APY	2.38%

Excellent for: Tech-savvy traders and active investors
APY: Up to 3.35% (Premium required)
Cost: $3.99/month (Premium)
FDIC insurance: Up to $5 million
⚠️ Watch out for: Best rate requires paid subscription

Webull Cash Management automatically sweeps uninvested cash into interest-bearing, FDIC-insured accounts, earning up to 3.35% APY with Webull Premium; non-subscribers earn a lower rate. There's no limit on how often you can withdraw, though daily ACH transfer limits apply, and the platform provides desktop, mobile and web access along with advanced trading tools.

FDIC coverage is up to $5 million for settled cash across multiple banks, helping safeguard large balances.

• Why we like it

  Excellent for: Tech-savvy traders and active investors
  APY: Up to 3.35% (Premium required)
  Cost: $3.99/month (Premium)
  FDIC insurance: Up to $5 million
  ⚠️ Watch out for: Best rate requires paid subscription

  Webull Cash Management automatically sweeps uninvested cash into interest-bearing, FDIC-insured accounts, earning up to 3.35% APY with Webull Premium; non-subscribers earn a lower rate. There's no limit on how often you can withdraw, though daily ACH transfer limits apply, and the platform provides desktop, mobile and web access along with advanced trading tools.

  FDIC coverage is up to $5 million for settled cash across multiple banks, helping safeguard large balances.
  

• Pros and cons

  Pros

  • High APY possible with Webull Premium
  • Access to advanced trading tools and multiple platforms
  • No limit on the number of withdrawals

  Cons

  • Premium required for top APY

• More details

  Available asset types	Stocks, Bonds, Options, ETFs, Futures, Money market funds
  Account types	Brokerage, IRA
  Annual fee	$0 per month
  Minimum deposit	$0
  Signup bonus	Get 12 free shares by joining Webull
  Cash sweep APY	3.35%

Excellent for: Options traders looking to earn interest on idle cash
APY: 3.25%
Cost: $2/month, waived with a portfolio value of $5,000 or more
FDIC insurance: $250,000 per bank across multiple banks (not expected to exceed $5 million)
⚠️ Watch out for: Must qualify for an options account; eligibility varies by state

eToro's High Interest Cash Program lets eligible users earn 3.25% interest on uninvested cash in an options account. There is no minimum deposit, and funds remain liquid, so you can withdraw anytime. Interest is paid monthly directly to your account. A $2 monthly operational fee applies, waived for clients with a total portfolio value of $5,000 or more.

Cash is held at one or more FDIC-insured banks. eToro says FDIC insurance typically amounts to $250,000 per customer per bank, and the program uses multiple banks to add coverage, which eToro doesn't expect to exceed $5 million.

• Why we like it

  Excellent for: Options traders looking to earn interest on idle cash
  APY: 3.25%
  Cost: $2/month, waived with a portfolio value of $5,000 or more
  FDIC insurance: $250,000 per bank across multiple banks (not expected to exceed $5 million)
  ⚠️ Watch out for: Must qualify for an options account; eligibility varies by state

  eToro's High Interest Cash Program lets eligible users earn 3.25% interest on uninvested cash in an options account. There is no minimum deposit, and funds remain liquid, so you can withdraw anytime. Interest is paid monthly directly to your account. A $2 monthly operational fee applies, waived for clients with a total portfolio value of $5,000 or more.

  Cash is held at one or more FDIC-insured banks. eToro says FDIC insurance typically amounts to $250,000 per customer per bank, and the program uses multiple banks to add coverage, which eToro doesn't expect to exceed $5 million.

• Pros and cons

  Pros

  • High APY with no minimum deposit
  • Funds remain liquid
  • Potential FDIC coverage across multiple banks

  Cons

  • Only available for options accounts
  • Certain states have stricter eligibility
  • $2 monthly fee unless you hold $5,000 or more

• More details

  Available asset types	Stocks, Options, ETFs, Cryptocurrency, Investments
  Account types	Brokerage
  Annual fee	$0 per month
  Minimum deposit	$0
  Signup bonus	N/A
  Cash sweep APY	3.25%

• Partner terms and conditions

  eToro securities trading offered by eToro USA Securities, Inc. (‘the BD”), member of FINRA and SIPC. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finder is not an affiliate and may be compensated if you access certain products or services offered by the BD.
  
  eToro USA LLC and eToro USA Securities Inc.; Investing involves risk, including loss of principal; Not a recommendation

Excellent for: Hands-off investors and automated portfolios
APY: 3.30% base (4.20% for new clients for 3 months, on up to $150,000)
Cost: $0
FDIC insurance: Up to $8 million
⚠️ Watch out for: Promotional APY is temporary

Wealthfront's Cash Account sweeps uninvested cash to FDIC-insured program banks, offering a base APY of 3.30% (4.20% for new clients for the first three months, on balances up to $150,000). Cash remains fully liquid with free instant withdrawals to eligible external accounts.

The program provides up to $8 million in FDIC insurance for individual accounts, using multiple banks to maximize coverage. Integrated automated investing tools make it easy to move money to long-term goals quickly.

• Why we like it

  Excellent for: Hands-off investors and automated portfolios
  APY: 3.30% base (4.20% for new clients for 3 months, on up to $150,000)
  Cost: $0
  FDIC insurance: Up to $8 million
  ⚠️ Watch out for: Promotional APY is temporary

  Wealthfront's Cash Account sweeps uninvested cash to FDIC-insured program banks, offering a base APY of 3.30% (4.20% for new clients for the first three months, on balances up to $150,000). Cash remains fully liquid with free instant withdrawals to eligible external accounts.

  The program provides up to $8 million in FDIC insurance for individual accounts, using multiple banks to maximize coverage. Integrated automated investing tools make it easy to move money to long-term goals quickly.

• Pros and cons

  Pros

  • High FDIC coverage (up to $8M)
  • Automated cash sweeps with optional investment transfers
  • Free instant withdrawals to eligible accounts

  Cons

  • Promotional APY is temporary

• More details

  Available asset types	Stocks, ETFs, High-yield cash account
  Account types	Brokerage, IRA
  Annual fee	0.25%
  Minimum deposit	$500
  Signup bonus	Get $50
  Cash sweep APY	3.30%

Excellent for: Active traders seeking promos and analytics
APY: 3.35%
Cost: $0
FDIC insurance: Up to $2 million ($250,000 per program bank)
⚠️ Watch out for: Must meet qualifying deposit or transfer requirements

Moomoo sweeps uninvested cash to FDIC-insured program banks, offering new customers a promotional APY of 8.1% for 60 days after activation, which applies the booster rate to the first $20,000 in the program, before reverting to a competitive 3.35% for qualified users. The current offer requires a qualifying deposit or transfer by Nov. 30, 2026. Cash remains fully liquid and can be used for trading or withdrawn at any time, with no minimum deposit required for new users.

The program provides up to $2 million in FDIC insurance, or $250,000 per program bank, protecting funds across participating banks. Users can earn interest while keeping their cash ready for trading or withdrawals with no joining or monthly account fee.

• Why we like it

  Excellent for: Active traders seeking promos and analytics
  APY: 3.35%
  Cost: $0
  FDIC insurance: Up to $2 million ($250,000 per program bank)
  ⚠️ Watch out for: Must meet qualifying deposit or transfer requirements

  Moomoo sweeps uninvested cash to FDIC-insured program banks, offering new customers a promotional APY of 8.1% for 60 days after activation, which applies the booster rate to the first $20,000 in the program, before reverting to a competitive 3.35% for qualified users. The current offer requires a qualifying deposit or transfer by Nov. 30, 2026. Cash remains fully liquid and can be used for trading or withdrawn at any time, with no minimum deposit required for new users.

  The program provides up to $2 million in FDIC insurance, or $250,000 per program bank, protecting funds across participating banks. Users can earn interest while keeping their cash ready for trading or withdrawals with no joining or monthly account fee.

• Pros and cons

  Pros

  • High APY
  • Cash remains liquid and easily transferable
  • No joining or monthly fee

  Cons

  • FDIC coverage lower than some competitors
  • APY only for qualified users
  • Promotional boost applies only to the first $20,000 and lasts 60 days

• More details

  Available asset types	Stocks, Options, ETFs, Cryptocurrency
  Account types	Brokerage
  Minimum deposit	$0
  Signup bonus	Get up to $1,000 in Nvidia stock plus 8.1% APY on uninvested cash
  Cash sweep APY	3.35%