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Schwab Intelligent Portfolios® Sweep Program

Current Interest Rates

As part of your participation in the Schwab Intelligent Portfolios Sweep Program we calculate the interest rate paid on cash balances in the Cash Allocation of your portfolio by taking the greater of:

  1. The rate determined by reference to a third party index. Currently, that index is the average national money market deposit account rate for retail deposits at the $100,000 level based on a survey conducted by RateWatch; or,
  2. The rate paid on cash balances of $1,000,000 or more in Schwab’s bank sweep program for brokerage accounts. This is known as the Bank Sweep feature in Schwab’s Cash Features Program.

The current ratei  is .60% APYii





i  As of October 1, 2018
ii  The Annual Percentage Yield (APY) quoted for this account, with a minimum balance of $0.01, is current as of the date shown. This rate is variable and may change without notice.

Please read the Schwab Intelligent Portfolios' disclosure brochures for important information, pricing, and disclosures relating to Schwab Intelligent Portfolios.

Schwab Intelligent Portfolios is made available through Charles Schwab & Co. Inc. (“Schwab”), a dually registered investment advisor and broker dealer.

Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Brokerage products, including the Schwab One brokerage account, are offered by Charles Schwab & Co., Inc., Member SIPC. Deposit and lending products are offered by Charles Schwab Bank, Member FDIC and an Equal Housing Lender.