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Posted by noname87 on May 19, 2009, 1:47 am
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One other thing to consider is the interet/dividends that Schwab pays
on its sweeps accounts. I am currently earning .3% in my Schwab sweeps
acoount. On my non-Schwab bank accounts, I earn 2+% and it's FDIC
insured. CD rates at Schwab also tend to be low. This is a issue for
IRA accounts where it is not easy to move money to other accounts and
if you have a large cash position.
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