A sweep account is an account set up at a bank or other financial institution where the funds are automatically managed between a primary cash account and secondary investment accounts. == Function == A sweep account combines two or more accounts at a bank or a financial institution, moving funds between them in a predetermined manner.
A sweep account is an account set up at a bank or other financial institution where the funds are automatically managed between a primary cash account and secondary investment accounts. == Function == A sweep account combines two or more accounts at a bank or a financial institution, moving funds between them in a predetermined manner.
Source: Wikipedia "Sweep account" · CC BY-SA 4.0
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