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Is this cash account FDIC insured?

Yes.  Your cash account deposits are held at multiple unaffiliated banks to provide up to $1 Million in FDIC insurance per account holder. This means that joint accounts may have up to $2 Million in FDIC insurance. This is 4x the amount of FDIC insurance your standard bank account provides. FDIC insurance covers your funds held in the program banks under any circumstance.

Learn more about our cash account sweep program here

Note: FDIC insurance is different from SIPC Insurance, which only protects your assets in a brokerage account in the event the brokerage firm fails. Wealthfront investment accounts are covered through SIPC insurance.

Learn more about SIPC Insurance here

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Cash Account is offered by Wealthfront Brokerage LLC (“Wealthfront Brokerage”), a member of FINRA/SIPC. The cash balance in the Cash Account is swept to one or more unaffiliated program banks where it earns a variable rate of interest and is eligible for FDIC insurance. FDIC insurance is not provided until the funds arrive at the program banks. For more information on FDIC insurance coverage, please visit www.FDIC.gov. Customers are responsible for monitoring their total assets at each of the program banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. The deposits at program banks are not covered by SIPC.

Wealthfront Software LLC offers a software-based financial advice engine that delivers automated financial planning tools to help users achieve better outcomes. Investment management and advisory services are provided by Wealthfront Advisers LLC, an SEC registered investment adviser, and brokerage related products are provided by Wealthfront Brokerage LLC, a member of FINRA/SIPC. Wealthfront Software LLC, Wealthfront Advisers LLC and Wealthfront Brokerage LLC are wholly owned subsidiaries of Wealthfront Corporation.