View Full Version : FDIC Coverage in Bank Deposit Program $1 Million Beginning Sept. 9, 2011 Scottrade

08-29-2011, 10:03 AM
FDIC Coverage in Bank Deposit Program

Beginning Sept. 9, 2011, Scottrade will provide FDIC insurance for cash balances held in the Scottrade Bank Deposit Program (BDP) of up to $1 million.

Please note that this only applies to those participants in the Scottrade BDP and does not affect the SIPC or excess insurance coverage on your brokerage account.

Participants can view the Terms, Conditions and Disclosures for the Bank Deposit Program under the Bank Deposit Program section under the My Account tab.

08-29-2011, 10:36 AM
mcptrman, if you could provide a link, if it is not to personal account, that would be great. Thanks

08-29-2011, 10:47 AM
It was a message in my Scottrade account. I had to login to view the message. I am sure many here have Scottrade accounts and can verify. It may not be related to the IQD RV, but I found the date very curious. Also, this is good information for people to know for after an RV.

The Hawk
08-29-2011, 10:51 AM
This is great information. Only wish I had a Million to protect lol