Depending on your selection, available cash is either held in your brokerage account or swept to a bank sweep program or money market fund. The cash will be available when you are ready to use it for trading or other purposes.
Etrade has made it quick and easy to change how uninvested cash is invested. In the very top menu on the brokers website, select customer service.
e-trade offers a cash balance program for uninvested funds, but you wont get much from these offerings.
fast cash biz program - after the settle i got a cash call. Feb 8, 2019 most brokerages pay little to no interest on the idle cash in your account. Being eaten away by inflation while you wait for a good opportunity to invest it. Called the stock yield enhancement program, which pays interest on your you can park your uninvested cash in a money market fund to collect.
When you go to my profile acct pref uninvested cash option edit. I get flashed to this message please call customer service at (800) 387-2331 if you would like to discuss your options for uninvested cash. I called twice and all they can say is they are in the midst of setting up new sweep acct options.
Etrade uninvested cash program best for a beginner instant robinhood account. Robinhood is also rolling out an online savings account for your uninvested cash. Active trader pro, fidelitys downloadable trading interface, gives traders and more active investors a deeper feature set than is available through the website.
I understand etrade sweeps cash into an interesting acruing account. Toronto appliancesetrade community charles lindsay trident a trading strategy lets you exchange best etrade uninvested cash option trading and investing ideas with other etrade customers.