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.The Expanded Bank Deposit Sweep will provide up to 125 million in FDIC insurance 25 million for joint accounts with two or more. The Expanded Bank Deposit Sweep consists of interest bearing deposit accounts at affiliated and unaffiliated Program Banks.

For example your sweep account may push unused cash into a money market mutual. A sweep account is a special type of account that can be linked to a bank account or brokerage account. If you are purchasing an investment the automatic sweep feature allows the exact amount of the transaction to be swept from your Cash Sweep Option in order to fund such purchase on settlement date.
Firms always have the option to pay down debt with excess cash but they do not always choose to do so.
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