Yankee Sweep® for Brokerage Firms

With the Yankee Sweep service, brokerage firms can offer investors an alternative option for large cash balances that provides daily liquidity and may achieve a higher level of return than money market funds and insured deposits. Although Yankee Sweep deposits are uninsured, they are placed with foreign banks’ U.S.-chartered branches that are subject to Federal Reserve Board regulation.

Learn more about how Yankee Sweep works and how it can help brokerage firms to build valuable relationships. Contact us to add Yankee Sweep to your company’s suite of cash management services.