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Maintain your investment goals and have the quick and easy access you need to manage your everyday expenses with cash solutions. Whether you prefer to have transactional cash for everyday bills and market adjustments, or potentially earn a higher yield on your cash while preserving your principal, we have the solution to fit your needs.
Find the right solution for you
Investment Cash | Transactional Cash | |
---|---|---|
Strategy | Investment Cash If you are seeking a potentially higher yield on your cash, while still preserving principal and keeping funds within easy access | Transactional Cash Cash immediately available to purchase securities, pay bills, or make withdrawals |
Available options | Investment Cash | Transactional Cash Uninvested cash in brokerage and retirement accounts: - Insured Deposit Account which is FDIC-insured up to $500k |
Rates | Investment Cash 0.01% - 0.05%1 | Transactional Cash 0.01% |
Benefits | Investment Cash - No transaction fee - No short-term redemption fee - Initial investment starting at $1 - SIPC insured - Funds settle next business day - No minimum balance or monthly fees | Transactional Cash - Unlimited check writing |
Accessibility | Investment Cash Next-day access to funds, if sold before 4 p.m. ET | Transactional Cash Immediate access to funds to purchase securities, pay bills, or withdraw |
1Rates as of 2/28/22 |