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Ask HN: Best Startup Bank with low insolvency risk?
We are in the same boat as many others with SVB and need to find a new bank. Any recommendations?
- radicaldreamer 4y agoGet a sweep account at Mercury or another bank. Those will be held in multiple different banks each being below the FDIC insurance threshold.
- neximo64 4y agoTry a mutual fund that puts it in treasuries
- gibsonf1 4y agohttps://www.forbes.com/advisor/banking/checking/best-business-checking-accounts/ https://www.forbes.com/advisor/banking/checking/best-busines... TIAA bank is intereting with their CIDARS which breaks balances > 250K into CDs created in partner institutions.
- JumpinJack_Cash 4y agoIsn't the concept of 'startup bank' kinda the same of 'startup gasoline' or 'startup coal' ? Banking is a 500 years old business. There is no re-inventing the wheel at least customer side. Wells Fargo, JPMorganChase, Bank of America, Citi. The regular , known ones. Banking is not the place to look for alpha.