Q. Do I earn interest on my Stash Account?
Uninvested money in your Stash account (AKA your Available Cash Balance) is automatically transferred to something called the Apex FDIC-insured Sweep Program. That means your Available Cash Balance earns interest based on the amount and duration of deposits and applicable interest rates.…
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. I 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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