Cash sweep, money market, or HYSA: three parking spots, three disclosures
Idle cash is not one product. The label on the screen is less important than the disclosure behind it.
UpdatedSep 28, 1:30 PM PDT7 min readAsset Wire desk
Demo article for Asset Wire structure. Yields change; this piece does not quote a current rate or name a “best” account.
A cash sweep often moves uninvested brokerage cash into a bank deposit program or similar vehicle. Coverage, rate, and how often cash is swept live in the program disclosure — not the dashboard headline.
A money market fund is an investment product with its own prospectus and risk profile. It is not the same as an FDIC-insured deposit, even when the UI sits next to “cash.”
A high-yield savings account (HYSA) is typically a bank deposit product. APY, fees, and transfer limits belong to the bank’s terms.
Knowing which bucket your idle cash sits in is part of knowing your money — the same calm posture Nothing But Assets takes toward holdings you already have.