Cryptocurrency Q&A
What is the downside to Schwab?
What is the downside to Schwab?
noah_wright_author
Thu Nov 28 2024
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6 answers
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I'm considering using Schwab for my financial needs, but before making a decision, I want to understand any potential downsides or drawbacks associated with it. Can someone provide an overview of the negative aspects of Schwab?
6 answers
EthereumLegendGuard
Fri Nov 29 2024
In comparison, other brokers offer cash sweep options into money market mutual funds.
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GeishaMelody
Fri Nov 29 2024
The drawbacks of certain aspects of Schwab's services need to be addressed.
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Valentino
Fri Nov 29 2024
One notable con is the low interest rate on uninvested cash.
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GwanghwamunGuardianAngelWingsBlessing
Fri Nov 29 2024
These alternative options provide yields that are much closer to 5%.
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Claudio
Fri Nov 29 2024
Schwab employs an automated sweep feature to move cash into an account.
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