brokerage account whose cash balance is automatically transferred into an interest-bearing investment, such as a money market fund.
a corporate checking account that is linked to an investment account
a hybrid account that combines elements of insured deposits and NDIPs
a smart, easy way to combine checking convenience AND maximum daily investments
short-term income fund into which all uninvested cash balances from the non-interest bearing checking account are automatically transferred on a daily basis.
A sweep account is an account set up at a bank or other financial institution where the funds are automatically managed between a primary cash account and secondary investment accounts.