Money Market Sweeps question??

Discussion in 'Trading' started by omegapoint, Jun 22, 2007.

  1. I'm with TDAmeritrade and haven't been with them long enough to receive a statement, but its coming. My question is, is there a time deadline for funds to be swept back into a money market fund (Reserve Funds Primary Class 15) and eligible to accrue the days interest (or ineligible if it doesn't make it) , following a sale and now "idle money", that is common to anyones experience? I guess it may vary across brokerages or funds but any guidelines or advice would be helpful.