CashRate WatchBest broker cash rates
Updated Nov 3, 2026 · 15 options with a confirmed rate shown on this page
Your brokerage may be paying you almost nothing on idle cash. Here is what the major brokers pay on uninvested cash this week, and the money market funds you can buy instead.
Broker cash rates this week
| Name | Type | APY / yield | Risk label | Source |
|---|---|---|---|---|
| Robinhood Gold High-Yield CashRequires Gold subscription; non-Gold earns 0% | Broker cash | 3.60% | FDIC / SIPC | source |
| Wealthfront Cash AccountBase APY as of 10/01/2026; up to 4.45% with boosts; via program banks | Broker cash | 3.55% | FDIC | source |
| Schwab Intelligent Portfolios sweepEffective 11/02/2026, resets monthly | Broker cash | 3.51% | FDIC | source |
| Betterment Cash ReserveVariable; new-customer boost to 4.25% advertised | Broker cash | 3.50% | FDIC | source |
| Interactive Brokers (IBKR Pro) cash interestAnnual rate not APY | Broker cash | 3.38% | SIPC | source |
| Public High-Yield Cash AccountCore 3.30%; 3.75% with paid Public Reserve subscription | Broker cash | 3.30% | FDIC | source |
| Schwab brokerage uninvested cash (Bank Sweep)Default sweep | Broker cash | 0.01% | FDIC | source |
- Default sweeps can be tiny. Schwab's standard sweep for uninvested brokerage cash pays 0.01% APY (Schwab). Schwab's own Prime Advantage money fund (SWVXX) yields 3.77%, but you have to buy it yourself.
- Some top rates cost a subscription. Robinhood's 3.60% requires Robinhood Gold ($5/month). Public's base rate is 3.30%; its higher advertised rate needs a paid membership.
- Interactive Brokers pays 3.38%, quoted as an annual rate rather than APY, only on cash above $10,000, and at the full rate only if your account is worth more than $100,000.
- Fidelity lets you hold uninvested cash in a money market fund as your core position (SPAXX, 3.56% 7-day yield).
Money market funds you can buy instead
| Name | Type | APY / yield | Risk label | Source |
|---|---|---|---|---|
| Vanguard Federal Money Market (VMFXX)7-day SEC yield as of 11/02/2026; expense 0.11%; not FDIC, SIPC at broker covers custody not value | Money market | 3.89% | SIPC | source |
| Vanguard Treasury Money Market (VUSXX)7-day SEC yield as of 11/02/2026; expense 0.07% | Money market | 3.88% | SIPC | source |
| Schwab Prime Advantage Money Fund (SWVXX)7-day yield (with waivers) as of 11/02/2026 | Money market | 3.77% | SIPC | source |
| Schwab Government Money Fund (SNVXX)7-day yield as of 11/02/2026 | Money market | 3.63% | SIPC | source |
| Schwab U.S. Treasury Money Fund (SNSXX)7-day yield as of 11/02/2026 | Money market | 3.62% | SIPC | source |
| Schwab Treasury Obligations Money Fund (SNOXX)7-day yield as of 11/02/2026 | Money market | 3.60% | SIPC | source |
| Fidelity Government Money Market (SPAXX) | Money market | 3.56% | SIPC | source |
| Fidelity Treasury Money Market (FZFXX)7-day yield as of 11/02/2026; expense 0.42% (gross); not FDIC, SIPC at broker covers custody not value | Money market | 3.55% | SIPC | source |
Savings and broker cash show APY. Money market funds show 7-day yield. T-bills show the auction high investment rate (bond-equivalent yield). USDC shows a rewards rate, not interest. Rates checked Nov 3, 2026; they change often, so always confirm on the provider's site. Not financial advice.
Money market funds are SIPC-covered securities, not FDIC deposits; see the risk labels below. Some funds have minimums (Vanguard's are $3,000, except VMFXX used as the brokerage settlement fund, which has none).
What the risk labels mean
- FDIC
- A bank deposit. If the bank fails, the FDIC covers up to $250,000 per depositor, per bank, per ownership category. Broker "cash sweep" accounts spread money across partner banks to raise that limit.
- SIPC
- A security held at a brokerage, such as a money market fund. SIPC protects you if the brokerage fails and your assets go missing (up to $500,000, including $250,000 cash). It does not protect against the fund losing value. Government money funds aim for a stable $1 share price, which is not guaranteed.
- Treasury-backed
- A direct loan to the US government (T-bills). There is no insurance, and none is needed in the usual sense: you are paid by the US Treasury. If you sell before maturity the price can move a little.
- Not insured
- Crypto stablecoin rewards (USDC). There is no FDIC or SIPC coverage. You depend on the exchange, the stablecoin issuer, and rules that are still being written.
- FDIC / SIPC
- A mix. For example, part of the balance is held as brokerage cash (SIPC) and the rest is swept to banks (FDIC).
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