Here are the best brokerage account interest rates of 2024. Rates are accurate as of July 1, 2024.
Robinhood Gold
Finder score
Robinhood automatically sweeps uninvested brokerage cash into its program banks, where it's eligible for FDIC insurance up to $2.25 million. Earn a 5% APY with Robinhood Gold, or 0.01% APY without.
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $0 |
| Signup bonus | Get a free stock |
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $0 |
| Signup bonus | Get a free stock |
eToro
Finder score
Customers with an eToro options account can earn 4.9% in interest on uninvested cash, with monthly payouts, no withdrawal limitations and up to $5 million in FDIC insurance. An operational fee of $2 per month applies to each account enrolled in the program, but eToro waives the fee for clients with a total eToro portfolio value of $5,000 or more.
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $0 |
| Signup bonus | FINDER EXCLUSIVE: Get a guaranteed $15 bonus |
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $0 |
| Signup bonus | FINDER EXCLUSIVE: Get a guaranteed $15 bonus |
Moomoo
Finder score
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. Offer ends Sep 30, 2024.
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $0 |
| Signup bonus | Get up to 15 free stocks |
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $0 |
| Signup bonus | Get up to 15 free stocks |
Fidelity Investments
Finder score
Fidelity offers two ways to earn on uninvested cash. Choose an automatic sweep into Fidelity's core money market mutual fund, the Fidelity Government Money Market Fund (SPAXX), or an FDIC bank program. As of July 1, 2024, earn a 7-day yield of 4.97% with SPAXX or 2.72% APY with the FDIC program.
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $0 |
| Signup bonus | N/A |
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $0 |
| Signup bonus | N/A |
Webull
Finder score
Earn 5% APY on uninvested cash with Webull's high-yield cash management account. Receive FDIC insurance up to $1 million in total across Webull's five partner banks.
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $0 |
| Signup bonus | Get up to 70 free fractional shares |
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $0 |
| Signup bonus | Get up to 70 free fractional shares |
Interactive Brokers
Finder score
IBKR Pro customers can earn an interest rate of 4.83% on uninvested cash, while IBKR Lite customers can earn an interest rate of 3.83%. You earn no interest on the first $10,000 of cash, and only accounts with a net asset value of $100,000 or more are paid interest at the full rate. Only IBKR Pro customers are eligible for IBKR's Insured Bank Deposit Sweep Program, which offers up to $2.5 million of FDIC insurance.
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $0 |
| Signup bonus | N/A |
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $0 |
| Signup bonus | N/A |
Wealthfront
Finder score
Earn a 5% APY on your uninvested cash, with no minimum or maximum account balance requirements and up to $8 million in FDIC insurance.
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $500 |
| Signup bonus | Get $50 |
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $500 |
| Signup bonus | Get $50 |
Betterment
Finder score
Betterment's high-yield cash account offers a 5% APY, with up to $2 million in FDIC insurance through its program of partner banks.
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $10 |
| Signup bonus | N/A |
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $10 |
| Signup bonus | N/A |
Public.com
Finder score
Open a Public high-yield cash account and earn an APY of 5.1% on your cash. Public partners with 20 banks to offer FDIC insurance up to $5 million.
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $0 |
| Signup bonus | Get up to $10,000 and transfer fees covered |
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $0 |
| Signup bonus | Get up to $10,000 and transfer fees covered |
Charles Schwab
Finder score
Earn a 0.45% APY on the uninvested cash in your Schwab brokerage and retirement accounts and access your money at any time. Funds are automatically swept into one or more FDIC-insured banks.
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $0 |
| Signup bonus | Get a $101 bonus |
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $0 |
| Signup bonus | Get a $101 bonus |
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Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
Finder’s investments experts review 17 brokers available on the market to find the brokers offering the most competitive cash sweep programs. We consider interest rates on uninvested cash and available FDIC insurance.
We update our best picks as products change, disappear or emerge in the market. We also regularly review and revise our selections to ensure our best provider lists reflect the most competitive available.
You guessed it — uninvested cash is the total amount of uninvested money in your brokerage account. Uninvested cash, also known as brokerage cash, can include things like instant deposits, unsettled funds and dividend payments. While most brokers tell you how much uninvested cash you have, you can calculate your uninvested cash by taking the difference between your portfolio value and the value of your investments.
A cash sweep program is a program some brokers offer that is designed to hold cash balances awaiting investment. Through the program, uninvested cash is automatically deposited into interest-bearing accounts at one or more partner banks. Partner banks are usually insured by the Federal Deposit Insurance Corporation (FDIC).
Cash sweep programs that partner with several banks can offer FDIC insurance beyond the typical $250,000 offered by a single bank. For example, if a cash sweep program has five partner banks, your money can become eligible for FDIC insurance up to $1.25 million.
When reviewing cash sweep programs, consider the annual percentage yield (APY), total FDIC insurance and whether you earn the APY automatically or have to sign up for a separate product.
While you may not want to choose a broker based solely on its cash sweep rates, it’s an important factor to consider when comparing the best brokerage accounts.
Here’s a summary of some of the most popular brokerage account cash sweep rates to compare.
| Broker | Cash sweep APY |
|---|---|
| Robinhood | Up to 5% |
| eToro | 4.9% |
| Moomoo | up to 8.1% |
| Fidelity Investments | Up to 4.97% |
| Webull | 5% |
| Interactive Brokers | Up to 4.83% |
| Wealthfront | 5% |
| Betterment | 5% |
| Public | 5.1% |
| Charles Schwab | 0.45% |
All rates and data are accurate as of July 1, 2024
Uninvested cash is the reserve cash in your brokerage account that you’ve yet to invest.
Uninvested cash is available to trade or withdraw.
The best place to put uninvested cash is in an account that earns interest, so that your money is working for you as you wait to invest.
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