Interest on what though? Isn’t most money immediately invested or put in money m... | Hacker News

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		mrfusion on Oct 6, 2019 \| parent \| context \| favorite \| on: E*Trade Announces $0 Base Commissions for Online S... Interest on what though? Isn’t most money immediately invested or put in money market funds?

toast0 on Oct 6, 2019 | [–]

A lot of people leave some money in the sweep account, so it's liquid for future trades. Or leave it for a few days after a sale before transferring it out.

maxerickson on Oct 6, 2019 | [–]

They offer their own money market funds that are below 'market' rate and collect the difference.

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