Q. What is the FDIC Sweep Program?
Stash accounts are enrolled in an interest-bearing Federal Deposit Insurance Corporation (FDIC) insured Sweep Program (“Sweep Program”) offered through our custody and clearing partner, Apex Clearing Corporation. Uninvested money in your Stash account (AKA your Available Cash Balance) is automatically transferred to the Sweep Program.…
Q. How do interest rates work?
Interest rates determine many things, including how much your money grows while sitting in a checking or savings account. They can also influence how much money you pay toward credit card or mortgage payments. The Federal Reserve (AKA The Fed) sets interest rates “to help set the backdrop for promoting the conditions that achieve maximum sustainable employment,…
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