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.A cash sweep is the use of a companys excess cash to pay outstanding debts ahead of the scheduled payment date instead of giving it to their investors or shareholders. Your account type determines which cash sweep vehicle is used.
This is called the sweep. With ICS or the Insured Cash Sweep service you can secure funds placed into demand deposit accounts money market deposit accounts or both with FDIC insurance eligibility well beyond 250000. Also if you elect to have dividends paid in cash they will sweep into the account.
You arent likely going to get.
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