Through a partnership with R&T Deposit Solutions, deposits are allocated to as many banks as necessary, up to the program maximum, to fully insure your deposit. Clients have full access to their cash on a daily basis.
1. The maximum amount of FDIC insurance offered at any particular time may differ from $40 million based on bank availability.
2. None of Hilltop Securities, R&TDS nor any of their affiliates are a depository, bank or credit union and none of the programs or products administered by them, including the IBID or R&TDS Network described herein, are, themselves a, FDIC-insured or NCUSIF-insured product. Rather, under the relevant program, a depositor’s funds are placed into deposit accounts at participating banks or other financial institutions that are insured by the FDIC or, if relevant, the NCUSIF, for up to the current standard maximum deposit insurance amount of $250,000 per eligible depositor, per insured participating institution, for each ownership capacity or category, including any other balances the depositor may hold at that institution directly or through other intermediaries, including broker-dealers.
3. For a list of participating program banks, see https://rnt.com/files/ddm/bank-list/pbl-rtncu.pdf.