Crane Data's latest monthly survey of brokerage sweep rates shows Raymond James with the highest rate for an $100K balance among the big brokerages with a 4.59% yield. Ameriprise ranks second with a 3.93% rate. The lowest default sweep rates are from Merrill Lynch (1.45%), UBS (1.50%) and Smith Barney (1.52%). The Crane Brokerage Sweep Index is 2.66%. Note that all brokerages have higher-yielding money fund and other options available.

Email This Article

Use a comma or a semicolon to separate

captcha image