What are cash sweeps?

Sweeps are scheduled and recurring transfers, which allow you to automatically move funds from your Cash Account and into your nabtrade High Interest Account or linked NAB transaction and savings accounts. By setting up sweeps into your High Interest Account you can let your cash work harder for you and take advantage of the higher interest rate. Only one sweep transfer is allowed per trading account. Sweep transfers are not applicable for NAB Equity Lending funded trading accounts