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you can do this now with https://www.intrafi.com/ https://www.intrafi.com/ - they federate your money in $250k chunks to as many banks as it takes, but you stil
by eli 4y ago
you can do this now with https://www.intrafi.com/ https://www.intrafi.com/ - they federate your money in $250k chunks to as many banks as it takes, but you still access it all through one main bank.
I understand it pays respectable interest rates too
- toomuchtodo 4y agoThe limit is $50M, which should be plenty for any org to meet short term obligations. The rest of your funds can then be in short dated treasuries, which are risk free.
- eli 4y agoPretty sure it goes above 50.
- toomuchtodo 4y agoPerhaps my information is inaccurate, that’s the number I was told by a colleague at a financial services firm that just launched their related HYSA sweep product a week ago. Perhaps the limit is defined by each provider? https://en.wikipedia.org/wiki/Certificate_of_Deposit_Account_Registry_Service https://en.wikipedia.org/wiki/Certificate_of_Deposit_Account...