Faisal KhanAnswered Feb 2, 2017It simply means any deposits held in the account under your name are not insured. If CS goes bankrupt you could lose all your money. Chances are the deposits aren't covered by any other insurance either.
My Schwab account says brokerage products are not FDIC insured and may lose value—what does that mean, and if Schwab fails, is there another protection scheme?
Faisal KhanAnswered Feb 2, 2017Are certificates of deposit still a good investment choice?1 ansHow are savings handled by Automated Savings apps like Digit insured by the FDIC?1 ansWhich banks and account types currently offer the highest interest rates?1 ansWhat would you do today if your total savings amounted to only $10,000?1 ans