Funds may also be automatically transferred to and from your investment account to an individually named account held directly at Raymond James Bank. This option is only available for retirement accounts with check writing. The balances held in individual named accounts at the bank are also FDIC-insured in accordance with FDIC rules and aggregation limits.
Raymond James Bank deposits are insured by the FDIC up to $250,000 per depositor ($250,000 for IRAs and certain other retirement accounts).
Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. are affiliated with Raymond James Bank, N.A., member FDIC. Unless otherwise specified, products purchased from or held at Raymond James & Associates are not insured by the FDIC, are not deposits or other obligations of Raymond James Bank, are not guaranteed by Raymond James Bank, and are subject to investment risks, including possible loss of the principal invested.