Investment products are not FDIC insured at any bank/brokerage. FDIC insures your checking and savings account. If you buy stocks and bonds through WF, those are assets you own which they hold in your name. I don’t think you lose those if WF goes out of business the way you can lose cash deposits.
This disclaimer that “investments” are not FDIC insured is the same at every bank I’ve used.
Investment products are not FDIC insured at any bank/brokerage. FDIC insures your checking and savings account. If you buy stocks and bonds through WF, those are assets you own which they hold in your name. I don’t think you lose those if WF goes out of business the way you can lose cash deposits.
This disclaimer that “investments” are not FDIC insured is the same at every bank I’ve used.