Bank savers are on a roll these days, with many certificates of deposit, money market accounts and high-yield savings accounts offering around 5% returns due to a high-interest-rate environment. The ...

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Gabriela Walsh is a Certified Educator in Personal Finance® and a personal finance editor at Red Ventures. Her previous work experience includes various editorial positions at FinanceBuzz. She ...

Long maligned by investors, cash sweep accounts that offer very low interest rates have been getting hit from all sides of late, whether it’s in the form of lawsuits, regulatory fines or the exodus of ...

In the wake of the Federal Reserve raising its benchmark interest rate, Massachusetts Secretary of the Commonwealth William Galvin has launched an inquiry into whether brokerages will pass the ...

Advisors take notice: Regulators might look askance if you’re charging clients higher fees than what they earn in idle funds at banks and brokerages. Max Mejiborsky, vice president at Comply, a ...

To keep your spare cash growing, consider placing it in a high-yield savings account or investing in securities with strong return potential. Letting your money sit idle is a missed opportunity to ...

Access nine figures in FDIC coverage using an ICS account, which distributes your funds across many different banks. Many, or all, of the products featured on this page are from our advertising ...

Later this year, Fidelity is planning to cut off access for independent advisors to using its high-yield money-market funds as the sweep account option for client cash. Instead, new nonretirement ...

Ameriprise on Monday became the latest brokerage to be sued over its cash sweep account program, facing allegations that the company failed as a fiduciary by keeping big spreads for itself rather than ...