Brokerage Cash Sweep at Big-Four Banks
How big-four banks handle Cash Sweep accounts — rates, fees, and what to watch.
What to Expect from Big-Four Banks Cash Sweep Accounts
Chase, Bank of America, Wells Fargo, and Citibank. Unmatched branch network; rates typically 0.01–1.00% on savings — far below online competitors.
For Cash Sweep specifically: The default rate applied to uninvested cash sitting in a brokerage account. Most brokerages default to extremely low rates (0.01–0.50%), quietly siphoning yield from idle capital.. At big-four banks, the rate pattern reflects their cost structure and competitive positioning in the deposit market.
Rate Summary — Cash Sweep at Big-Four Banks
Typical APY range
0.01–4.50%
Minimum balance
Varies
Rate range as of 15 May 2026. Rates change daily — verify before depositing.
Key Characteristics at Big-Four Banks
- Automatic — cash sweeps without action
- Some brokerages now offer FDIC-insured sweep programs
- Can be replaced with money market funds at higher yield
Which Depositor Profiles Fit This Combination
Retiree on Fixed Income
Drawing income from deposits. Prioritises rate predictability, CD ladders, and FDIC/NCUA c…
View suitability analysis →
High-Net-Worth Depositor
Managing cash positions exceeding $250,000. Requires strategies for FDIC coverage beyond t…
View suitability analysis →
We match you to the specific institution that fits your balance, time horizon, and profile.
Affiliate link — we may earn a commission. See disclosure.
Compare Other Bank Types
Cash Sweep at Regional Banks
Mid-size institutions (Regions, Huntington, Fifth Third, KeyBank). Oft…
Cash Sweep at Online-Only Banks
Ally, Marcus, Discover Bank, American Express Bank. Consistently lead …
Cash Sweep at Credit Unions
Member-owned cooperatives insured by NCUA. Share rates often match or …
Cash Sweep at Fintech Neobanks
SoFi, Wealthfront Cash, Betterment Cash Reserve. Pass-through deposit …
Cash Sweep at Brokerage Banks
Fidelity, Charles Schwab, Vanguard banking arms. Sweep rates are often…