Charles Schwab cash protected under FDIC?
Is cash in charles schwab protected under FDIC or anything similar?#svb #personalfinance #investments
Cisco recesion23 Mar 13, 2023
Cash in brokerage accounts is not protected?
Oportun showmemula Mar 13, 2023
Sipc. 250k cash and 500k equity
Stripe poor π Mar 13, 2023
Brokerage accounts are insured by SIPC.
E*Trade π Express Mar 13, 2023
Protected by SIPC. Doesnβt protect investment risk but does cover in case a brokerage implodes.
Upstart upshart Mar 13, 2023
So if brokerage is limited to 500k - does it mean in case of insolvency- you will get atleast what you have in your brokerage account limited to 500k?
No unless you converted into a banking product with FDIC insurance