No. of Recommendations: 1
On the other hand, many brokerages insure more than the $100,000 in cash.

"Brown & Company has purchased additional insurance to provide unusually high asset protection. Our clients' accounts are protected up to $100,000,000, of which $1,000,000 may be in cash."

Of course, the interest rate is crummy.

Note also, that a money market is a security. So money there is not cash. Hence it is insured as are the rest of your securities, and not subject to the lower limit on cash.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.