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Are my funds in the Juno Treasury Account, powered by Jiko, FDIC, or SIPC insured?
Are my funds in the Juno Treasury Account, powered by Jiko, FDIC, or SIPC insured?
Updated over 6 months ago

While Jiko Bank is a member FDIC, funds are only swept through Jiko Bank to Jiko’s broker-dealer, Jiko Securities, Inc. to be invested in T-bills. Thus, the FDIC insurance is not applicable to the funds in your Juno Treasury Account, powered by Jiko.

Jiko Securities, Inc. is a member of the Securities Investor Protection Corporation (SIPC), which protects the securities of its customers up to $500,000 (including up to $250,000 for claims for cash).

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