Hey guys i have a quick question for you, I'am opening a TD Ameritrade account and it asks me which "Cash vehicle" i want to use,it give me a choice of
1.) "TD AMERITRADE FDIC Insured Deposit Account (IDA) balances reflected in your brokerage account are FDIC-insured and held by TD Bank, N.A. and TD Bank USA, N.A., or both. The IDA balances are not covered by the Securities Investor Protection Corporation (SIPC) protection applicable to your brokerage account." or a
2.)"TD Ameritrade Cash is held in your brokerage account, protected by Securities Investor Protection Corporation (SIPC) coverage applicable to the account against brokerage failure."
so I was wondering if any of you knew which one was better to use. I will be playing some penny's and some big board stocks if that will make a difference. Thanks for your time.
Kenndall
