Cash rates › Charles Schwab
Charles Schwab cash interest rate
0.01% APY per Charles Schwab's official page (rate as of Oct 30, 2026). Bank Sweep / Schwab One Interest (same rate). Money funds such as SWVXX pay more but are not the default.
Last updated · 12 official sources (listed below)
What Charles Schwab pays on cash you haven't invested, straight from its own pages.
0.01% APY
"Uninvested cash in your Schwab brokerage account … 0.01% APY"
The catch: Bank Sweep / Schwab One Interest (same rate). Money funds such as SWVXX pay more but are not the default.
That ranks #9 of 12 brokers with a published cash rate on this site.
More on Charles Schwab: all Charles Schwab fees and fine print · Fidelity vs Charles Schwab · Charles Schwab vs Vanguard · E*TRADE vs Charles Schwab · Interactive Brokers vs Charles Schwab · Merrill Edge vs Charles Schwab
Published cash rates at other brokers
| Broker | Rate | Catch |
|---|---|---|
| Robinhood | 3.6% APY (Gold) | Requires Robinhood Gold subscription and opting in to High-Yield Cash. Non-Gold rate not stated on this page. |
| moomoo | 3.6% APY (qualifying) | Existing customers who haven't met the deposit/transfer conditions get 0.03%. Requires Cash Sweep enrollment. Promo page says rate as of 18/09/26. |
| Wealthfront | 3.55% APY | Wealthfront Cash Account (program banks). Promotional boosts up to 4.45% on up to $150k. |
| Fidelity | 3.52% | 7-day yield of the Government Money Market Fund core position (SPAXX). Not an APY; varies daily. |
| Interactive Brokers | 3.38% | Nothing paid on the first $10,000; accounts under $100k NAV get a proportionally lower rate. |
| Public | 3.30% APY | High-Yield Cash Account (a separate brokerage account). 3.75% with the paid Public Reserve subscription. |
| Firstrade | 0.15% | 0.15% at every balance tier; FDIC-insured deposit rate also 0.15%. Credit rate effective 12/20/2024. |
| TradeStation | 0.15% (over $100k only) | Nothing paid on balances of $100,000 or less; IRAs excluded. Program effective Oct 1, 2022. |
| E*TRADE | 0.01% APY | 0.01% for balances up to $499,999; 0.05% at $500k–$999,999; 0.15% at $1M+. |
| Merrill Edge | 0.01% APY | Default bank sweep. 0.05% at $1M-$9.99M, 0.15% at $10M+. Preferred Deposit (non-sweep, $100k minimum) pays 3.15%. |
| Ally Invest | 0% | Self-Directed cash earns nothing; Ally Bank accounts are separate. |
Questions
What interest rate does Charles Schwab pay on uninvested cash?
0.01% APY per Charles Schwab's official page (rate as of Oct 30, 2026). Bank Sweep / Schwab One Interest (same rate). Money funds such as SWVXX pay more but are not the default.
Sources
- https://public.com/high-yield-cash-account
- https://robinhood.com/us/en/gold/
- https://us.etrade.com/l/options-uninvested-cash/sweep-rates
- https://www.ally.com/invest/commissions-and-fees/
- https://www.fidelity.com/page/manage-cash-rising-costs
- https://www.firstrade.com/trading/pricing/margin-rates
- https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php
- https://www.moomoo.com/us/support/topic4_221
- https://www.mymerrill.com/Publish/Content/application/pdf/GWMOL/ICCRateSheet.pdf
- https://www.schwab.com/cash-investments
- https://www.tradestation.com/faqs/
- https://www.wealthfront.com/cash
Each source was read on or before Oct 30, 2026. Fees and rates change; confirm on the broker's site before acting.