FDIC-Insured Sweep Accounts

Are you seeking alternatives to traditional banks to keep your cash? While banks are a common choice for storing funds, there are other safe and efficient options you might want to consider. Here are three alternatives to consider: FDIC-insured sweep accounts, money market mutual funds, and Treasurys. 1. FDIC-Insured Sweep Accounts A sweep account is an account that automatically transfers amounts exceeding or short of a certain level into a higher interest-earning investment option. FDIC-insured sweep accounts offer a unique blend of convenience and assurance. With these accounts, your uninvested…