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.
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