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How does Schwab offer a 0.45% interest rate on cash sitting in a brokerage account?
How does Schwab offer a 0.45% interest rate on cash sitting in a brokerage account? This may seem like a straightforward question but I have not been able to find a straightforward answer. How does Schwab offer a 0.45% interest rate on cash sitting in a brokerage account? My understanding was that one of the fundamental differences between brokerages and banks is that brokerages are required to keep client assets separated. I i...
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