Tcm:9-41658 Bank Deposit Sweep Program. UnionBanc Investment Services provides customers the opportunity to earn income on uninvested cash in their brokerage accounts. FDIC-Insured Deposit Sweep Program Disclosure For Fidelity Individual Retirement Accounts. If your total funds on deposit at a Program Bank exceed the.
Scottrade Sweep Program Scottrade offers a program that provides FDIC insurance protection for your uninvested cash of up to $500,000. It is called the Scottrade Sweep Program because available cash in your Scottrade brokerage account will be transferred and deposited in one or more FDIC-insured bank accounts. The Sweep Program seeks to provide you with the security of FDIC insurance for your cash balances. By utilizing multiple banks, the Sweep Program has been structured to provide you with up to $500,000 in FDIC-insured deposits subject to certain limitations detailed in the Scottrade Sweep Program Terms, Conditions & Disclosures.
How the Scottrade Sweep Program Works Uninvested cash in participating Scottrade accounts is automatically deposited, or 'swept,' into one or more interest-bearing, FDIC-insured bank deposit accounts. When you purchase securities or withdraw funds, the necessary cash will be automatically swept back into your brokerage account. Balances and activity in the deposit accounts will be reflected online and on your Scottrade brokerage statement. Eligibility To be eligible for the Scottrade Sweep Program, your Scottrade brokerage account must be of the following type: individual, joint, IRA, custodial or a trust for which the beneficiaries are natural persons or sole proprietorships. Accounts maintained in the name of business entities, including corporations and partnerships, are not eligible to participate in the Sweep Program. FDIC Insurance Deposits in Sweep Program accounts are insured by the FDIC subject to the Scottrade Sweep Program Terms, Conditions & Disclosures, as well as conditions set by the FDIC, an independent agency of the U.S. Government. Because your funds may be maintained on deposit in multiple Program Banks, the maximum amount of FDIC deposit insurance coverage under the Scottrade Sweep Program is up to $500,000.
Your funds become eligible for FDIC deposit insurance when the funds are deposited in a Program Bank. This includes investments such as certificates of deposit, other direct deposits you make with the Program Bank, and deposits through other BDP Accounts you have with Scottrade or through another brokerage firm.
Please be advised that if you choose to opt out of one or more banks participating the Scottrade Sweep Program you may not be eligible for FDIC insurance coverage up to the maximum of $500,000. You are responsible for monitoring all your balances to determine what deposit insurance coverage is available to you. If you have questions about FDIC insurance coverage, more information about FDIC insurance is available at www.fdic.gov or by phone (877-275-3342 or 800-925-4618). Or, you may wish to seek advice from your own attorney or financial advisor concerning FDIC insurance coverage of deposits.
Mp4 Er Apk. The Securities Investor Protection Corporation ('SIPC') and Scottrade's excess SIPC insurance do not cover deposits in the Scottrade Sweep Program. Not a recommendation. Any specific securities, or types of securities, used as examples are for demonstration purposes only. None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security or account. Authorized account login and access indicates customer’s consent to the Brokerage Account Agreement. Such consent is effective at all times when using this site.
Unauthorized access is prohibited. Scottrade, Inc. And Scottrade Investment Management, Inc. Are separate entities but are affiliated subsidiaries of TD Ameritrade Holding Corporation. Scottrade Bank has merged into TD Bank, N.A. As a result of the merger, Scottrade Bank has become a trade name of TD Bank, N.A. Or its affiliates.
Deposit products and services offered by TD Bank, N.A. And TD Bank USA, N.A., Members FDIC. TD Bank, N.A. And TD Bank USA, N.A. And TD Ameritrade are affiliated through their parent companies.
Brokerage products and services offered by Scottrade, Inc. Canadian Business And Society Ethics & Responsibilities 2nd Edition Pdf more. - Member and. Brokerage products are not insured by the FDIC — are not deposits or other obligations of the Bank and are not guaranteed by the Bank — are subject to investment risks, including possible loss of the principal invested. All investing involves risk.
The value of your investment may fluctuate over time, and you may gain or lose money. Online market and limit stock trades are just $6.95 for stocks priced $1 and above. Additional charges may apply for stocks priced under $1, mutual fund and option transactions. Detailed information on our fees can be found in the (PDF). The performance data quoted represents past performance. Past performance does not guarantee future results.