Yes, specific cash holdings within Titan Invest accounts are FDIC insured. This insurance applies to uninvested cash held at Titan's program banks, providing a layer of protection for your liquid funds.
Understanding FDIC Coverage at Titan Invest
While Titan Invest is primarily an investment platform, it handles cash balances that are eligible for FDIC (Federal Deposit Insurance Corporation) coverage. The FDIC is an independent agency of the United States government that protects depositors' money in insured banks and savings associations.
What is Covered?
The FDIC insurance at Titan Invest applies to your cash balances held at their program banks. This includes:
- Buying Power balance: Any uninvested cash designated for future investments.
- Strategic cash holdings: Cash balances that are part of your managed investment strategies but have not yet been invested into securities.
These cash holdings are covered by the FDIC up to the standard deposit insurance amount, which is currently \$250,000 per depositor, per insured bank, for each account ownership category. This protection safeguards your cash in the unlikely event of a program bank's failure.
Important Considerations
It's crucial to understand the scope of FDIC insurance:
- Cash only: FDIC insurance protects your cash deposits. It does not protect the value of your investments in securities (like stocks, bonds, or ETFs), which can fluctuate with market conditions.
- Program banks: The coverage applies when your cash is deposited with one of Titan's partner banks that are FDIC-insured.
For more information on FDIC insurance and how it protects your deposits, you can visit the official FDIC website.
