Fidelity sweep account12/7/2023 FDIC coverage may be decreased based on Program Bank limits and whether you've opted-out of any Program Banks and is subject to applicable FDIC coverage limits. VBS will aggregate and allocate Bank Sweep deposits for trust accounts at the account level and not at the beneficiary level. Vanguard Brokerage Services (VBS) will aggregate and allocate Bank Sweep deposits to Program Banks across Vanguard Cash Plus and Vanguard Brokerage Accounts with like-registrations to offer maximum FDIC coverage up to $1.25 million for individual accounts and $2.5 million for joint accounts when at least 5 program banks are utilized. Bank Sweep deposits are covered by FDIC insurance up to $250,000 per insurable category of ownership at each Program Bank, when aggregated with all other deposits held by you at such bank and in the same insurable category. See the list of participating Program Banks (PDF). *Bank Sweep program balances are held at one or more Program Banks, earn a variable rate of interest, and are not covered by SIPC. Securities in your brokerage account are protected up to $500,000.Įligible for FDIC coverage up to $1.25 million for individual accounts and $2.5 million for joint accounts.* Money market funds and other securities held in the Vanguard Brokerage Account are eligible for SIPC coverage. You can connect the Cash Plus Account to payment apps like PayPal or Venmo. Prices may fluctuate.Īllows you to access your money without penalty whenever you need it. If you need the money before maturity, you can sell the CD in the secondary market. Most funds allow you to access your money without penalty whenever you need it. There may be low fees for certain types of transactions. See Vanguard Brokerage commission schedule for other applicable fees Secondary trades: $1 per $1,000 face amount ($250 maximum)Īll online sales of CDs before they mature are commission-free. A savings account alternative with its own unique account and routing number.Ī new option for your settlement fund for the cash you're waiting to invest.Įach money market fund has its own expense ratio.
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