You may notice a small amount (less than a $1) being transferred from your High-Yield Cash Account to your Brokerage account every so often. Public sweeps funds from the High-Yield Cash Account (HYCA) to Brokerage accounts when the HYCA balance is too small to earn any interest for that month.
Public does this sweep once a month. These monthly sweeps are an important cost-saving measure that allows Public to continue to offer our members the best rates possible.
For further questions or concerns regarding this sweep please contact Member Support via in-app chat or email at support@public.com.