Some brokerage sweep accounts are paying more than 4% on uninvested cash—is this a good place for your savings?

This is reprinted by permission from . The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

The Federal Reserve has increased its benchmark interest rate nine times since the start of 2022. That makes mortgages, credit cards and other types of debt more expensive. But it also increases the yields paid by bonds, certificates of deposit,…