NerdWallet has engaged Atomic Brokerage to bring you the opportunity to open a brokerage account (Cash Account) in which cash is swept into unaffiliated bank deposit accounts opened for you by, and in the name of Atomic Brokerage as agent and custodian, which allows you to earn interest on the available cash in your Cash Account. Once your funds are deposited by Atomic Brokerage into program banks, you are able to have up to $2,500,000 ($250,000 per depositor, per insured bank for each account) of FDIC insurance (subject to coverage limits and eligibility requirements). For full details about the Atomic Brokerage Cash Sweep Program, see the Terms & Conditions.

You should not expect cash deposited in a Cash Account which is used solely for the purpose of accessing the Atomic Brokerage Cash Sweep Program to be protected by SIPC or FDIC insurance, and cash is only protected by FDIC insurance (subject to coverage limits and eligibility requirements) once deposited by Atomic Brokerage in the unaffiliated bank deposit accounts. If you prefer your cash to be invested in a Money Market Fund eligible for SIPC coverage, you must send an email to support-brokerage@atomicvest.com to discuss your options.

Atomic Brokerage shares fees from the cash sweep program banks with NerdWallet for each referred client who opens a Cash Account, which creates a conflict of interest.