**Schwab Cash Rates Compared**

On 21st September 2026, **$10,000** in Schwab’s Bank Sweep at **0.01%** would earn about **$1** yearly. The same amount in managed portfolios’ cash allocation at **3.29%** would earn about **$329**, before tax and account costs.

**Deposit insurance** covers eligible bank deposits within limits, but does not set rates. The 3.29% applies only to cash in **Schwab Intelligent Portfolios**, not the full portfolio, which carries market risk and expenses.

The Fed’s **3.75% to 4%** target range took effect on 16 September, after the 3.29% rate began on 1 September. Intelligent Portfolios resets monthly. Ordinary cash rates can change at Schwab’s discretion.

**Schwab One Interest** may pay $0 for a day when interest is below half a cent. At 0.01% on $10,000, daily interest is about 0.27 cents. The 15th October 2026 expectation is 0.01% for ordinary cash and above 3.29% for managed cash.

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