Re:Schwab Removes U.S. Stock, ETF and Options Commissions
by xxpor on Wednesday October 02, 2019 @11:00PM
(#21143146)
These accounts are FDIC insured. They're real bank accounts.
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Re:Schwab Removes U.S. Stock, ETF and Options Commissions
by perl4ever on Wednesday October 02, 2019 @11:09PM
(#21143197)
The FDIC accounts that Fidelity advertises are with real banks[1] which are not Fidelity per se. They're just tightly integrated.
This all seems very like "why don't you just use the cloud instead of an old fashioned server?"
[1]https://accountopening.fidelity.com/ftgw/aong/aongapp/fdicBa...