How it works
The FDIC-Insured investment option allocates money to the FDIC-insured accounts held in trust by:
- Sallie Mae Bankâ€”90 percent.
- U.S. Bankâ€”10 percent.
This option aims to provide interest income while preserving capital.
Account contributions and earnings are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 at each bank.
The amount of FDIC insurance available is based on the proportional value of your client’s investment in the FDIC-insured accounts at each bank, plus the value of any other personal accounts your client may hold at each bank.
Allocations for the FDIC-Insured investment optionÂ
Please read the Program Description, Part 7, Investment Information, for information about specific risks for the underlying investments in the FDIC-Insured investment option.