TD Ameritrade was evaluated against 14 other online brokers in the 2022 Online Broker Review. To learn more about FDIC coverage go to Non-Deposit Investment Products: NOT FDIC INSURED-NO BANK GUARANTEE-MAY LOSE VALUE. By utilizing multiple banks, the IDA has been structured to provide you with FDIC insurance of up to $500,000 per depositor in each recognized legal capacity (e.g., up to $500,000 for individual accounts and $1,000,000 for joint accounts). Each bank’s insurance will cover your cash balances up to the current $250,000 per-depositor FDIC maximum for bank failure. Three of the Program Banks are Charles Schwab Bank, SSB Charles Schwab Premier Bank, SSB and Charles Schwab Trust Bank, each an affiliate of TD Ameritrade. See Mobile Check Deposit Service User Agreement for complete terms and conditions.Ĭash in the IDA is held at one or more Program Bank. Mobile check deposit not available for all accounts. TD Ameritrade will use the daily balance method to calculate interest on an account. Interest will be accrued daily and credited on the last Business Day of each month.

***Interest will accrue on balances from the day they are deposited into the IDAs through the Business Day preceding the date of withdrawal from the IDA. Fees for checks in quantities over 100, stop payment, and returned checks apply. **Check-writing privileges are provided free of charge.

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