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Why would you have 7 figures in a checking account? In the US, FDIC would only cover $250K of that in case of bank failure. It's a small risk (unless you're usi
by greedo 6y ago
Why would you have 7 figures in a checking account? In the US, FDIC would only cover $250K of that in case of bank failure. It's a small risk (unless you're using a very small bank), but why take it?
- deleted 6y ago[deleted]
- dmoy 6y agoThere are quite a few checking accounts or equivalent in the US that subpartition into multiple sweep accounts for >>$1m of FDIC coverage. Fidelity for example covers you up to $1.25m
- TheMagicHorsey 6y agoI'm about to buy some rental properties.