Are there any special considerations for digital currency holders regarding TD Ameritrade's cash sweep interest rate?

3 answers

• KavithaApr 30, 2024 · a year ago
  As a digital currency holder, it's important to consider the implications of TD Ameritrade's cash sweep interest rate. While TD Ameritrade offers competitive interest rates on cash balances, it's worth noting that digital currencies are not eligible for the cash sweep program. This means that any digital currencies held in your TD Ameritrade account will not earn interest. If you're looking to maximize the returns on your digital currency holdings, you may want to consider alternative options such as staking or lending platforms that offer interest on your holdings.
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• Kaspersen MoserMar 09, 2022 · 4 years ago
  When it comes to TD Ameritrade's cash sweep interest rate, digital currency holders should be aware that their digital currency holdings will not be included in the cash sweep program. This means that you won't earn any interest on your digital currencies held in your TD Ameritrade account. If you're looking to earn interest on your digital currency holdings, you may want to explore other platforms or investment options that specifically cater to digital currencies.
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• DencozZMay 08, 2022 · 3 years ago
  Regarding TD Ameritrade's cash sweep interest rate, it's important to note that digital currency holdings are not eligible for the cash sweep program. This means that you won't earn any interest on your digital currencies held in your TD Ameritrade account. However, there are other platforms and investment opportunities available in the digital currency space that offer interest on your holdings. For example, platforms like BYDFi provide opportunities for digital currency holders to earn interest on their holdings through various mechanisms such as staking and lending.
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