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Cash Management

Member for

1 year 2 months
A104398
Submitted by Brian.Lavelle on Tue, 11/07/2017 - 11:39

Through Schwab, your clients have access to a wide spectrum of secure, competitive cash solutions to meet both their short- and long-term needs. Savings and investment cash products provide a range of competitive options that earn a higher yield, help your clients preserve principal, and provide easy access to their funds. Everyday cash products are ready for use to purchase investments such as stocks and bonds, and are also available for paying bills and expenses.

Products offered through a Schwab Brokerage Account

Savings and investment cash

Schwab Purchased Money Funds

  • Convenient access to higher yields on cash
  • Broad choice of prime, government, and municipal money funds
  • Investment minimums as low as $1*
  • No transaction fees**
  • Extensive credit research and professional money management
  • Cash is available next business day when shares are sold by 4 p.m. ET

Brokerage Products: Not FDIC-Insured • No Bank Guarantee • May Lose Value

*The Funds' Investor Shares have no initial investment minimum; however, Schwab systems require a minimum of $1 per trade.

**Fund expenses and other fees may apply.

Investors should consider carefully information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges and expenses. You can obtain a prospectus, or if available, a summary prospectus by visiting schwabfunds.com. Please read it carefully before investing.

You could lose money by investing in a money market fund. Money market funds seek to preserve the value of your investment at $1.00 per share, but cannot guarantee they will do so. For Schwab Variable Share Price Money Fund: Because the share price of the fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. All Schwab Money Funds with the exception of Schwab Government Money Fund, Schwab U.S. Treasury Money Fund, Schwab Treasury Obligations Money Fund, Schwab Government Money Market Portfolio, and Schwab Retirement Government Money Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. The money market fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

CDs from Schwab CD OneSource®

  • Protect principal and earn an attractive, fixed rate of return with CDs from Schwab CD OneSource®
  • One-stop marketplace for CDs
  • Fixed term—30 days or more
  • Easy online transactions in clients’ Schwab account or through an Advisor Bond Specialist

Everyday cash

Bank Sweep

  • The default sweep feature for the majority of domestic retirement and non-retirement accounts
  • Earns interest on uninvested cash in a brokerage account and is ready for purchasing investments
  • Cash in the Bank Sweep feature is available immediately for same-day transactions
  • FDIC-insured up to $250,000†

Schwab One Interest

  • Pays interest on uninvested cash in a brokerage account
  • Available to non-retirement accounts

In addition, any uninvested cash in a Schwab brokerage account can be accessed through attractive payment features, such as:

  • Unlimited ATM fee rebates3, no foreign transaction fees4
  • No account service fees
  • Free checks, online billpay

Products offered through Schwab Bank

Savings and investment cash

Schwab Bank High Yield Investor Savings®

  • Offers a competitive yield regardless of balance—and keeps liquid savings growing
  • No minimum balance or monthly account service fees
  • Same-day access to funds
  • FDIC-insured up to $250,000
  • Note: As with any savings account, clients are limited to six withdrawal transactions per month

Everyday cash

Schwab Bank High Yield Investor Checking®

  • Offers a competitive yield and easy transfers from checking to linked Schwab One brokerage accounts 2
  • Unlimited ATM fee rebates3 and no foreign transaction fees4
  • No monthly account service fees or minimums
  • Free standard checks, online and mobile bill pay5 and Mobile wallets such as Apple pay, Samsung Pay, Android Pay and Microsoft Wallet6
  • FDIC-insured up to $250,000