4 ms·
Brokered CDs are a good way to go and not mentioned in the article. They avoid the hassle of opening and managing multiple bank accounts with multiple banks. Th
by arbuge 4y ago
Brokered CDs are a good way to go and not mentioned in the article. They avoid the hassle of opening and managing multiple bank accounts with multiple banks. They're offered by many brokerages - I use them via Schwab.
- devmunchies 4y agoYes, Brokerages have SIPC which is basically the same as FDIC. Going forward, companies might have their cash balanced across 2-3 banks and 2 brokerage accounts. The company I work for announced that we had only 5% of our cash in SVB, which is fine since it will eventually be paid back but we have other cash to use in the meantime.