The previous day’s closing balance determines eligibility for a particular tier each day. Interest rates paid on balances in the IDA and TD Ameritrade Cash are based on tiers. The IDA rate applicable to your account will appear on your Positions page under Cash and Cash Alternatives. If account value falls below $1 million during any monthly sweep period, thereafter, TD Ameritrade in its sole discretion, may stop paying the Plus IDA rate. Clients who meet this threshold for three consecutive business days within any monthly “sweep period” become eligible for the Plus IDA rate at the beginning of the next sweep period, and remain eligible for the subsequent 12 month period. **The Plus IDA rate is available for TD Ameritrade clients with $1 million or more in account value. 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. Carefully review the Margin Handbook and Margin Disclosure Document for more details.Ĭash in the IDA is held at one or more Program Bank. Margin trading privileges subject to TD Ameritrade review and approval. Margin is not available in all account types. Margin trading increases risk of loss and includes the possibility of a forced sale if account equity drops below required levels. Account Types & Investment Products Overview.Contribution and Eligibility Calculator.Investment Management Services Overview.
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