- A money market sweep account allows the cash you make from dividends and sales to earn money while you decide where to invest it for the long term.
- Money market sweep accounts help you to avoid taking any risk with the funds or lose money with uninvested funds.
- You can leave funds in your money market sweep account indefinitely, though it may not be advisable to do so.
- Money market accounts are not always FDIC insured. Some are SIPC insured instead; these are funded by member firms rather than a government agency.
- Your money market account can grow without limits, but be sure to remember that, if it is FDIC insured, it is only insured up to $100,000; and SIPC insured, up to $500,000.








