Schwab does have a sweep account too. I called years ago asking about my money sitting in accounts and not invested since I was going to get out of the market. They told me how they have insurance beyond having fdic insurance. What Schwab told me assured me about how they handle the safety for your money.
For added security on your accounts, make sure you use 2 factor authentication for all your access, freeze your credit, and I even call Schwab to lock my accounts if I’m going on a cruise for example, so no access to any of my accounts can be touched.
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