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Idle funds sweep investments
Old 04-29-2006, 05:42 PM   #1
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Idle funds sweep investments

Are any of the discount brokers paying a decent rate on money market sweep investments for a roth ira account ?(the idle funds in the account) E-trade pays just .3%(yes , I said .3% not 3.0%)!!!!! , and the best money market fund they offer is a goldman sachs fund with a poor return and very high expences.

It's like you are being punished if you want to stay in cash.

The regular (non ira)brokerage accounts have a 4.75% money market sweep account.I don't want to use a bond fund for this purpose in a market of rising rates.

“The finance industry is 5% rational people and 95% shamans and faith healers.” - Charlie Munger
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Re: Idle funds sweep investments
Old 04-29-2006, 09:17 PM   #2
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Re: Idle funds sweep investments

Wells Fargo uses WFLXX for the sweep ... it pays just over 4% nowadays.
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