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TD Ameritrade Holding Corporation Message Board

  • djinet djinet Sep 22, 2008 10:41 AM Flag

    Cash account not in cash...

    I am disappointed that cash account is not cash, but instead something that cannot be determined in value called TD BANK USA, NA MMDA FDIC INSRD,NOT COVERED BY SIPC

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    • TD BANK USA, NA MMDA FDIC INSRD,NOT COVERED BY SIPC is the same thing as cash in the bank. It is FDIC insured up to $100,000 and payable by the FDIC if TD Bank couldn't pay.

      • 1 Reply to freezemotion
      • Thanks for your info. I got worried because there is a yellow ! box talking about The Reserve on my Balances and Positions page. I paste here the answer which I got from Customer Services:

        Thank you for giving me the opportunity to assist you today. Your sweep vehicle is a Money Market Deposit Account (MMDA) held at TD Bank USA, N.A., an affiliate of TD AMERITRADE, which is insured by The Federal Deposit Insurance Corporation (FDIC) for up to $100,000 in non-retirement accounts and up to $250,000 for IRAs and certain other retirement accounts. The MMDA is not invested in The Reserve.

        Thank you for contacting TD AMERITRADE. I hope that this information is helpful to you. If you have any additional questions, feel free to e-mail us again or call us at 1-888-871-9007.


        Robert W.
        Apex Client Services, TD AMERITRADE
        Division of TD AMERITRADE, Inc.

 
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