Gain more yield on your cash

Interest rates are rising, but brokerage firms are taking their sweet time giving you higher yields in their “cash sweep accounts.” If you’re holding some cash, you might be receiving from your brokerage as little as one-tenth of the interest you could be getting from cash-like exchange-traded funds.

There are three kinds of ETFs that can pump up your interest far above the rates brokerages are paying you in their sweep accounts. For more information, see Newsletter #10.