Yeah, frankly the latter clause is more of a red flag than a positive. It's "we're not FDIC insured, but we've thrown this basically irrelevant detail about our

Yeah, frankly the latter clause is more of a red flag than a positive. It's "we're not FDIC insured, but we've thrown this basically irrelevant detail about our banks into the sentence (they're not storing your money in banks), because it might confuse some people into thinking there is some degree of protection, and those are the sort of people we want as customers"