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by rugaeiou
1196 days ago
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Just search for insured cash sweep accounts There are many many banks that offer this . It doesn't even have to be a TBTF Bank Infact, SVB itself offered and those funds are protected https://pilot.com/blog/svb-faq What about my cash sweep account?
So, here’s the good thing about the cash sweep account: the assets held in the cash sweep account aren’t bank deposits or on SVB’s balance sheet—they’re held by a third-party custodian. So our understanding is you should be able to recover 100% of the funds there, regardless of what happens to the uninsured deposits at SVB. |
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