CASH SWEEP INTO INTEREST-BEARING FDIC INSURED DEPOSIT ACCOUNT
Through our clearing Firm, Legent Clearing, TradeKing offers the ability to sweep uninvested cash into an interest-bearing Federal Deposit Insurance Corporation ("FDIC") insured deposit program. Please refer to the Legent Insured Deposits Terms and Conditions
for more information. If you have not yet requested that your account be set-up with the sweep service and wish to take advantage of this service, send us a request via email at service@tradeking.com.
Insurance: The deposit account is FDIC Insured up to $3 million per TradeKing account. The money balances are held directly with the participating banks within the Legent program. Your funds will be insured up to $250,000 at each participating bank, including funds you may already independently own at the bank.
Current Yield: 0.05%
Fore more information please read Legent Insured Deposit Program — Summary of Terms and Conditions
(pdf).
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Important Information about Reserve Money Market Funds - September 2008
Legent Money Market and Insured Deposit Rates - Feb 2008
CLICK HERE
for updates on THE RESERVE FUNDS status on redemptions.
12/22/2008
Version 4