Cryptocurrency Q&A
How much do sweep accounts pay?
How much do sweep accounts pay?
ZenBalance
Mon Dec 16 2024
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7
answers
1618
I'm wondering about the earning potential of sweep accounts. Specifically, I want to know how much these accounts typically pay out. Are the returns comparable to traditional savings accounts or are they higher/lower?
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7 answers
Bianca
Wed Dec 18 2024
For balances less than $5,000, the interest rate is set at 0.25%.
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isabella_cole_psychologist
Wed Dec 18 2024
The Bank Deposit Sweep Program offers varying rates based on cash balance.
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SeoulSerenitySeeker
Tue Dec 17 2024
For balances between $25,000 and $49,999, the interest rate is still 0.25%, with an APY of 0.25%.
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Michele
Tue Dec 17 2024
The Annual Percentage Yield (APY) for this bracket is also 0.25%.
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BlockchainBaroness
Tue Dec 17 2024
Customers with balances from $50,000 to $99,999 will enjoy the same interest rate of 0.25%, yielding an APY of 0.25%.
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