Thread: Are Any Non Mega Banks Safe Enough To Ignore 100K FDIC Limit?
View Single Post
  #29  
Old 11-16-2007, 05:01 PM
octaveshift octaveshift is offline
Senior Member
  
Join Date: Apr 2004
Location: Turn the heater on....
Posts: 1,731
Default Re: Are Any Non Mega Banks Safe Enough To Ignore 100K FDIC Limit?
Correct me if I'm wrong, but doesn't SIPC protection apply for CDs and other securities? At Etrade, it covers up to $500,000 per account, and FDIC covers $100,000 in cash. Additional insurance is available for a small fee, I believe...

BofA is SIPC insured:

" Banc of America Investment Services, Inc. is a registered broker-dealer and member FINRA(The Financial Industry Regulatory Authority) and SIPC (Securities Investor Protection Corporation). Both BAI and BAISI are licensed insurance agencies and nonbank subsidiaries of Bank of America, N.A."
Reply With Quote