Here are the best brokerage account interest rates of 2024. Rates are accurate as of February 14, 2024.
Robinhood
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 5.25% APY with Robinhood Gold through February 29, 2024, or 1.5% APY without.
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $0 |
| Cash sweep APY | 1.5% |
| Signup bonus | Get a free stock when you successfully sign up and link your bank account. |
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 |
| Cash sweep APY | 4.9% |
| Signup bonus | FINDER EXCLUSIVE: Get a guaranteed $15 bonus when you sign up and deposit $100 |
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.
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $0 |
| Cash sweep APY | 5.10% |
| Signup bonus | Choose a 1.5% match or 7 free fractional shares when you open a new account and meet funding requirements |
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. Earn a 4.98% yield with SPAXX or 4.95% APY with the FDIC program.
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $0 |
| Cash sweep APY | 4.95% |
| Signup bonus | Get $100 when you open and fund an account with $50 and use code Fidelity100 |
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 |
| Cash sweep APY | 5% |
| Signup bonus | Get up to 70 free fractional shares when you open an account and make a deposit. T&Cs apply. |
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 |
| Cash sweep APY | 3.83% Lite 4.83% Pro |
| 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 |
| Cash sweep APY | 5% |
| Signup bonus | N/A |
Betterment
Finder score
Betterment's high-yield cash account offers a 4.75% APY, with up to $2 million in FDIC insurance through its program of partner banks.
| Stock trade fee | $0 |
|---|---|
| Minimum deposit | $10 |
| Cash sweep APY | 4.75% |
| 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 |
| Cash sweep APY | 5.1% |
| Signup bonus | N/A |
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 |
| Cash sweep APY | 0.45% |
| Signup bonus | N/A |
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.
Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.
Finder is not an adviser 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.
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 5.25% |
| eToro | 4.9% |
| Moomoo | 5.1% |
| Fidelity Investments | Up to 4.9% |
| Webull | 5% |
| Interactive Brokers | Up to 4.83% |
| Wealthfront | 5% |
| Betterment | 4.75% |
| Public | 5.1% |
| Charles Schwab | 0.45% |
All rates and data are accurate as of February 14, 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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