How Does a Cash Management Account Compare to a Brokerage Account?
Cash management accounts (CMAs) and brokerage accounts are two types of accounts offered by brokerages, though they operate differently. Brokerages (think Robinhood, Betterment, and SoFi Money) have started to offer CMAs in addition to their investment account offerings to allow customers to hold money while earning a set interest rate. How Does a Cash Management …
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