The Insured Deposit Account SM Salomon Smith Barney now offers a new FDIC-insured alternative for your cash. The Safety of FDIC Insurance. All deposits made through the IDA feature are insured by the Federal Deposit Insurance Corporation, an agency of the U.S. government.
Interest compounds daily and is credited monthly.
For Current Rates go to the Salomon Smith Barney Rate Monitor Simplified Statement Reporting. All deposit balances and transactions are consolidated on your Salomon Smith Barney statement to simplify recordkeeping. Access to Your Deposits. Investors will find accessing their deposits is a simple process. Available balances are automatically withdrawn to pay for securities purchases.