Options for your uninvested cash

All the ways you can put your uninvested cash to work for you

Sweep accounts

A sweep account is an income-producing vehicle for uninvested cash in your brokerage account. Available cash is automatically swept on a daily basis into your sweep account, which may earn interest or dividends. When you're ready to use the cash for trading or other purposes, it’s automatically pulled from your sweep account.

Available sweep account options

Sweep Account Symbol Description APY Insurance/Protection Availability Disclosure/Prospectus
Cash Balance Program CBP CBP is a cash balance held at E*TRADE Securities 0.01% to 0.35% SIPC protection up to $250,0001 Available for all brokerage accounts N/A
Extended Insurance Sweep Deposit Account (only for non-retirement accounts)
ESDA ESDA sweeps cash balances into multiple Program Banks 0.01% to 0.35% FDIC-insured up to $1,250,0002 ($2,500,000 for joint accounts) Available for non-retirement brokerage accounts whose account holders either live in the United States or have a US Social Security number or Taxpayer Identification Number View details
International Sweep Deposit Account ISDA ISDA sweeps cash balances into E*TRADE's affiliated bank, E*TRADE Savings Bank 0.01% to 0.35% FDIC-insured up to $250,0003 Available for all brokerage accounts whose account holders neither live in the United States nor have a US Social Security number or Taxpayer Identification Number View details
Retirement Sweep Deposit Account (only for retirement accounts) RSDA RSDA sweeps cash balances into E*TRADE's affiliated banks, E*TRADE Savings Bank and E*TRADE Bank 0.01% to 0.35% FDIC-insured up to $500,0004 Available for all retirement accounts whose account holders either live in the United States or have a US Social Security number or Taxpayer Identification Number View details
JPMorgan US Government Money Market Fund, Capital Class (only for Personalized Investment accounts) OGVXX A money market mutual fund seeking high current income with liquidity and stability of prinicipal 7-day current yield SIPC protection up to $500,0001 Available for all E*TRADE Personalized Investment accounts whose account holders either live in the United States or have a US Social Security number or Taxpayer Identification Number View details

All Sweeps allow for the following Cash Management5 features:

  • Unlimited checkwriting with free check images
  • Unlimited ATM/Debit Fee Refunds (U.S. Only)6,7
  • FREE Unlimited Bill Payments (U.S. Only)7
  • Easy ability to move money between your E*TRADE accounts. Plus, you can also transfer funds from your bank or brokerage accounts to external accounts8

Legacy sweep account options

These options are not available as sweep options to new accounts.

Sweep Account Symbol Description APY Insurance/Protection Availability Disclosure/Prospectus
JPMorgan US Government MMKT E*TRADE Class JUSXX A money market mutual fund seeking high current income with liquidity and stability of prinicipal 7-day current yield SIPC protection up to $500,0001 Fund not available as a sweep option. View prospectus
JPMorgan US Treasury Securities MMKT Morgan Class HTSXX A money market mutual fund seeking high current income with liquidity and stability of prinicipal 7-day current yield SIPC protection up to $500,0001 Fund not available as a sweep option. View prospectus

Savings and other cash options

Looking for other ways to put your cash to work? Here are some additional options available at E*TRADE.

Premium Savings Account

Savings with high interest, FDIC insured

Earn 1.75% APYd1—17x the national average. No minimum balance and no monthly account fee.

Bonds and CDs

These investments pay regular interest and typically aim to return 100% of their face value at maturity. Choices include everything from U.S. Treasury, corporate, and municipal bonds to FDIC-insured certificates of deposit (CDs).

Max-Rate Checking

A checking account that pays you

Enjoy competitive yields, plus convenient access to your money with free online bill pay and unlimited ATM fee refunds nationwide.