If you’re interested in the stock market, chances are you’ve heard of brokerages like Wealthfront, SoFi Money and Robinhood. And over the past year or two, more of these firms have begun offering cash management accounts as well as investment accounts. So what’s the difference between the two types of accounts? It lies in whether…
Chanelle Bessette is a writer at NerdWallet. Email: firstname.lastname@example.org.
The article Cash Management Accounts vs. Brokerage Accounts: How They Compare originally appeared on NerdWallet.