The practice of keeping customer's cash in brokerage sweep accounts that pay little or no interest has been going on for a long time. It wasn't so obvious when interest rates were rock bottom, but over the last two years, money market rates have moved up to about 5% and the “cat is out of the ba
I started tracking a few money market fund rates a while back. My numbers are attached for Fidelity, T Rowe Price and Vanguard. I started doing this because I found that fund companies were taking advantage of their clients not being informed about the rates they could easily get.
