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Re: Boris the Spider post# 727147

Wednesday, 05/01/2024 8:22:15 PM

Wednesday, May 01, 2024 8:22:15 PM

Post# of 734690
Hi people, the small account entries for a penny or two that you are seeing are coming from the "sweep" bank account that is owned by Morgan Stanley. They acquired E-Trade a while back. If you have any cash in your etrade accounts, it gets swept into the Morgan Stanley Bank and what you are seeing is the interest payment for that small amount of cash you have in etrade. I also received 7 cents in mine (I keep a few thousand in cash to facilitate quick stock buys), and that is the interest for that cash "sweep". I wish it were a precursor to payment from WAMU, but it's not. We just need to be patient a while longer. Thanks.
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