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How to find no-fee MM funds at E*trade?
Old 07-12-2006, 12:44 PM   #1
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How to find no-fee MM funds at E*trade?

My accounts were recently moved to E-trade and after poking around the website, I can't figure out what my money market fund choices are for cash that's just sitting in the account. There's a link for "Money Market/Sweep Yield" under "Manage your account" but it just shows me a bunch of sweep deposit account information, and the yields are dismal (below 2%). And even then, it doesn't tell me how to setup the sweep. I don't need tax-exempt MMFs or anything fancy, just something like Treasury or Prime.

How do I find a list of high-yield no-commission MMFs that are available in my e-trade account? This was so simple when I was at brownco, they would just give you a list of the funds with the symbols. What am I missing?

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Re: How to find no-fee MM funds at E*trade?
Old 07-12-2006, 12:54 PM   #2
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Re: How to find no-fee MM funds at E*trade?

I suspect you are discovering the dirty little secret of the discount brokerage business: pay crap yields on cash and charge crazy margin rates. Nice to make a spread of 5 to 7%...
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