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Why does Public sweep less than $1 balances from High-Yield Cash Accounts to Brokerage accounts?
Why does Public sweep less than $1 balances from High-Yield Cash Accounts to Brokerage accounts?
Updated over a week ago

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.

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