Risk & Regulation
FDIC Insurance at Brokerages
FDIC coverage applies to cash sweep programs that deposit uninvested brokerage cash into FDIC-insured bank accounts. Standard coverage is $250,000 per depositor per bank, not per brokerage account.
Risk & Regulation
FDIC coverage applies to cash sweep programs that deposit uninvested brokerage cash into FDIC-insured bank accounts. Standard coverage is $250,000 per depositor per bank, not per brokerage account.