Brokerage Cash Sweep at Credit Unions
How credit unions handle Cash Sweep accounts — rates, fees, and what to watch.
What to Expect from Credit Unions Cash Sweep Accounts
Member-owned cooperatives insured by NCUA. Share rates often match or beat online banks; membership eligibility varies by geography or employer.
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 credit unions, the rate pattern reflects their cost structure and competitive positioning in the deposit market.
Rate Summary — Cash Sweep at Credit Unions
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 Credit Unions
- 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…
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High-Net-Worth Depositor
Managing cash positions exceeding $250,000. Requires strategies for FDIC coverage beyond t…
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