https://www.ml.com/solutions/preferred-deposit.html

• Competitive yield. Your money will be placed into a deposit account with Bank of America N.A., to help you optimize the cash you may need for your goals.
• Security. As a bank deposit product, Preferred Deposit balances are insured by the Federal Deposit Insurance Corporation (FDIC), up to applicable limits.
• Convenience. You will have ready access to funds — through your Merrill advisor or MyMerrill — so you can use the money to pay for personal expenses or take advantage of other opportunities.

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• 强调下： As a bank deposit product, Preferred Deposit balances -mmt368- ♀ (259 bytes) () 03/06/2023 postreply 16:23:08