What is Cash Sweep on Robinhood?
Cash sweep on Robinhood is a feature that automatically moves your uninvested cash into a bank account that can earn interest, keeping your money working even when it's not in the market.
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It's basically a way to earn a little bit of interest on your idle cash, transferring it to a secure bank account until you decide to make a trade.
Really? Just another way to squeeze out a smidge of interest before diving back into stocks!
I've used it myself, and it's a neat way to ensure no cash just sits in the account doing nothing!
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