- Previously, when I was using the cash sweep account and the normal account, everything was the same and it has the benefits of slightly better interest. However, when the processing times became much longer, I got no notifications about it. I use multiple brokerage accounts, one for SGX, one for US, one for HKEx etc. So the speed of being able to shift funds around is paramount to me. Having a mix of T+2 for settlement, T+2 for getting funds out of the Cash Sweep account and T+1 for conversion back to SGD is kinda insanely slow in this era.
I have been having issues with FSMOne, namely, the slow processing times. People tell me it is because I used the Cash Sweep account, so things move much slower there.
Some of the pain points for me for why I switch.
