Cash rate record
Charles Schwab
bank sweep (default)
Observed rate
3.47%
- Product
- bank sweep (default)
- Last verified
- October 28, 2026
- Source
- www.schwab.com
Rate alerts
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Current commentary
Charles Schwab currently pays a yearly rate of 3.47% on uninvested cash in its default bank sweep product. This observed rate, which can change, is up from 3.29% about a month ago. The top rate currently shown on this site's leaderboard is 4.30% from Raisin. Schwab's present rate is better than most similar brokerage cash options.
Rate context
3.47 percent is the rate Charles Schwab currently pays on uninvested cash through bank sweep (default), according to its public page on October 28, 2026. The highest rate on the site's leaderboard is 4.30 percent at Raisin. Rates can change and may depend on balance or account type, so this is an observation, not a recommendation.
Rate history
Rate (%)
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History data
| Observed | Rate |
|---|---|
| Sep 5, 2026 | 3.29% |
| Oct 2, 2026 | 3.47% |
| Oct 28, 2026 | 3.47% |