Some brokerages offer higher returns and more protection than banks. Should you switch?
Betterment, Wealthfront and others now offer higher returns and more protection than most bank accounts
Fidelity Investments said customers can have up to $5 million of cash covered by Federal Deposit Insurance Corp. insurance.Some brokerages are beating traditional banks on returns and account protection, just as lots of people are wondering about theRobo adviser Betterment LLC has doubled the amount of Federal Deposit Insurance Corp. coverage it offers to customers to $2 million and rival Wealthfront also upped its coverage by $1 million to $3 million. Robinhood Markets Inc.
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