Ever heard of CDARS? FDIC insurance up to 50 mil

Yeah its been a lot of press lately. Its a good idea in theory but the problem is that almost all the participating banks are small community banks. You need to pick a primary bank to handle all your transactions, so you won't get the huge nationwide network of a chase or bank of america.

Plus if your primary bank happens to go under, that could cause a huge logistical nightmare.

Anyways the point is probably moot as alot of analysts expect the fed to guarantee 100% of all us bank deposits very shortly anyways.
 
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