Cash Sweep at Regional Banks — High-Net-Worth Depositor
Recommended combination — this product and institution type align well with the high-net-worth depositor profile.
Suitable match A Brokerage Cash Sweep at a regional banks is a reasonable fit for a high-net-worth depositor. The product's rate profile aligns with the priorities of this depositor type — managing cash positions exceeding $250,000. requires strategies for fdic coverag. See the suitability notes below for the specific trade-offs at regional banks versus other institution types.
About High-Net-Worth Depositor Depositors
Managing cash positions exceeding $250,000. Requires strategies for FDIC coverage beyond the single-institution limit: CD ladders across banks, CDARS networks, and brokered CDs.
About Brokerage Cash Sweep at Regional Banks
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.
Mid-size institutions (Regions, Huntington, Fifth Third, KeyBank). Often competitive CDs; savings rates lag online banks but beat big-four.
Rate and Insurance at a Glance
| Attribute | Details (as of 15 May 2026) |
|---|---|
| Typical APY | 0.01–4.50% |
| Minimum balance | None (most institutions) |
| FDIC insured | No |
| NCUA insured | No |
Key Features for This Profile
- Automatic — cash sweeps without action
- Some brokerages now offer FDIC-insured sweep programs
- Can be replaced with money market funds at higher yield
What to Watch Out For
- Default rates are often negligible (0.01–0.45%)
- SIPC covers up to $250,000 in cash — NOT FDIC insurance
- Moving off the default sweep may require manual action
Tell us your balance, time horizon, and profile — we narrow to the specific institution and account that fits.
Affiliate link — we may earn a commission. See disclosure.
Compare Other Profiles for This Product
Emergency Fund Builder
Accumulating 3–6 months of expenses in an accessible, liquid account. …
College Saver
Saving for education costs on a 5–18 year horizon. Values predictabili…
Retiree on Fixed Income
Drawing income from deposits. Prioritises rate predictability, CD ladd…
Small Business Owner
Managing operating cash and reserves in a business entity. Needs ACH c…