TCA by E*TRADE’s primary responsibility is providing for the safekeeping of investment assets. From stocks, bonds and mutual funds to alternative investments, we are responsible for securely holding these investments, along with cash deposits and their equivalents. TCA by E*TRADE's reputation has been built upon this foundation of safety and stability.
Your account is maintained by TCA by E*TRADE, which is a highly regulated federal savings bank. A “federal” savings bank is savings bank that is chartered under and regulated by United States federal law. Federal savings banks are closely regulated by the United States Department of Treasury’s Office of the Comptroller of the Currency (OCC). This oversight provides you with confidence that the money you place in your account is safe and protected. TCA by E*TRADE investment policies state that uninvested deposits must be placed in money market accounts backed by investment grade debt instruments including corporate and municipal bonds, obligations of the U.S. government and its agencies, mortgage-backed securities, and collateralized mortgage obligations.
Through our charter with the FDIC, an independent agency of the U.S. government, investors' cash deposits are insured up to $500,000 per account. Non-deposit investments are not insured by the FDIC.
In addition, we are subject to frequent and comprehensive examinations and extensive oversight designed to ensure that we are financially sound, follows acceptable operating procedures, and is complying with all regulatory standards. More detailed information regarding FDIC standards is available at www.fdic.gov, within the Regulation & Examinations section.
Bonded and Insured
At the corporate level, TCA by E*TRADE insurance coverage includes $10 million for Financial Institutions Bond/Computer Crime (Fidelity) and $15 million for Bankers Professional Liability (E&O). In addition, each of our employees undergoes thorough pre-employment security screening and background checks.
The 60,000 square foot facility that serves as TCA by E*TRADE's headquarters features monitored 24 hour surveillance cameras and card-key access. Protected from power surges and outages, our data center and administrative centers are also connected to emergency generators, which provide backup power in the event of a power outage. In addition, an active business recovery plan, including daily data backup procedures, routine off-site storage backups, and regular checks of our recovery site, helps ensure uninterrupted service and data service.
Investment Products: Not FDIC Insured - No Bank Guarantee - May Lose Value.
E*TRADE Savings Bank and its affiliates ("E*TRADE") do not warrant these products, services and publications against different interpretations or subsequent changes of laws, regulations and rulings. E*TRADE does not provide legal, accounting, or tax advice. Always consult your own legal, accounting, and tax advisors.
Trust Company of America, the Trust Company of America logo, TCAdvisor and Liberty are registered trademarks of E*TRADE Financial Corporation. All other trademarks mentioned herein are the property of their respective owners. Product and service offerings are subject to change without notice.