They can be the same. Voyager looks like they have their sweep account as a brokered deposit with an FDIC insured bank. This similar to other investment firms

They can be the same. Voyager looks like they have their sweep account as a brokered deposit with an FDIC insured bank. This similar to other investment firms. I think Etrade lets you have up to $1M for FDIC insurance spread across 4 banks but you have to set it otherwise it sits in a money market or equiv. Good thing is that voyager shouldn't be able to touch money in the sweep accounts.