Schwab pays a near 0% on idle cash, compared to other brokers paying nearly 5%. They have money market mutual funds, but your cash is tied up until next business day should you wish to access it.
Curious what others are doing in my boat… active trader who sometimes goes multiple days (sometimes weeks) without making a trade, but doesn't want to not be able to make the trade when the market conditions say to.
How to earn yield on cash at Schwab without being unable to access funds?
Thanks all
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