Go back to DriveWealth website

Support Center

Can I earn interest on my deposits?

Last Updated: Jul 22, 2015 03:10PM EDT
Yes, through an agreement with Federated Investors, Inc., DriveWealth is making available a money market fund into which your account’s free credit balances will be swept. Free credit balances include un-invested deposits, dividends and interest, and funds from transactions, such as sales of stocks. The money market is the Federated Prime Cash Obligations Fund. Your free credit balances are automatically swept into the Federated Prime Cash Obligations Fund. The timing and amounts to be swept will be set according to the terms of the cash sweep feature. Credit balances that are needed to satisfy a settling transaction are not free and are not available for the cash sweep feature. All sweep transactions will appear on your periodic Account statements. These Account statements indicating sweep transactions are provided in lieu of separate confirmations.

Attached below is the Federated Prime Cash Obligations Fund prospectus, which provides important information about the fund, its risks and expenses. 
 
Attachments

Contact Us

  • Email Us
  • Contact us
  • Support Hours:
    Sunday 8:00 p.m (EST) to Friday 5 p.m (EST)

    Chinese Support Hours:
    Sunday 8:00 p.m (EST) to Friday 5 p.m (EST)

    U.S. Market Hours:
    Monday through Friday 9:30 a.m to 4:00 p.m EST.

    No after hours trading for Live Investing Accounts.

    Call Us @ 1.800.461.2680(USA/Canada) 1.973.559.6750(International) 400.120.3072 (China) 1.800.120.9226 (India) 1.973.998.5302(Fax)

    Please send all Trading Inquiries to support@drivewealth.com

    97 Main Street, Second Floor, Chatham, NJ 07928

support@drivewealth.com
http://assets1.desk.com/
false
desk
Loading
seconds ago
a minute ago
minutes ago
an hour ago
hours ago
a day ago
days ago
about
false
Invalid characters found
/customer/en/portal/articles/autocomplete