SSB
SouthState Bank Corporation
stock NYSE

You’re mistaken. Every day after close, excess cash is swept to various bank accounts. This keeps cash insured by the FDIC. It pays a horrible interest rate, is not a money market fund, but is a cash sweep.
Per the disclosures and footnotes available in the app below the cash balance of every account:
“Cash may include bank deposits and non-bank balances. Bank Sweep deposits are held at one or more FDIC-insured banks (collectively, the "Program Banks"). Funds deposited at Program Banks are insured, in aggregate, up to $250,000 per Program Bank, per depositor, for each ownership category, by the Faederal Deposit Insurance Corporation (FDIC). Brokerage products and services (including unswept or intra-day cash, net credit or debit balances, and money market funds) offered by Charles Schwab & Co., Inc. (Member SIPC) are not deposits or obligations of the Program Banks, are subject to investment risk, are not FDIC insured, may lose value, and are not Program Bank-guaranteed. Charles Schwab & Co., Inc., Charles Schwab Bank, SSB, Charles Schwab Premier Bank, SSB, and Charles Schwab Trust Bank are separate entities and are all affiliates of The Charles Schwab Corporation. Bank Sweep deposit balances do not include interest that has been accrued since the last interest payment was made to your account.”

WSB is casino… I know this is SSB but those values feel more like back alley craps game or garage poker than casino lol…

You’re mistaken. Every day after close, excess cash is swept to various bank accounts. This keeps cash insured by the FDIC. It pays a horrible interest rate, is not a money market fund, but is a cash sweep.
Per the disclosures and footnotes available in the app below the cash balance of every account:
“Cash may include bank deposits and non-bank balances. Bank Sweep deposits are held at one or more FDIC-insured banks (collectively, the "Program Banks"). Funds deposited at Program Banks are insured, in aggregate, up to $250,000 per Program Bank, per depositor, for each ownership category, by the Faederal Deposit Insurance Corporation (FDIC). Brokerage products and services (including unswept or intra-day cash, net credit or debit balances, and money market funds) offered by Charles Schwab & Co., Inc. (Member SIPC) are not deposits or obligations of the Program Banks, are subject to investment risk, are not FDIC insured, may lose value, and are not Program Bank-guaranteed. Charles Schwab & Co., Inc., Charles Schwab Bank, SSB, Charles Schwab Premier Bank, SSB, and Charles Schwab Trust Bank are separate entities and are all affiliates of The Charles Schwab Corporation. Bank Sweep deposit balances do not include interest that has been accrued since the last interest payment was made to your account.”

WSB is casino… I know this is SSB but those values feel more like back alley craps game or garage poker than casino lol…