What's more revealing is how easy it is to maximize FDIC for large sums of money. You can get 250k per account per institution. That also applies to joint acco

What's more revealing is how easy it is to maximize FDIC for large sums of money. You can get 250k per account per institution. That also applies to joint accounts. If you have a spouse and two kids you can get 5 insured accounts per institution (one for you, your spouse, one with you and kid one, you and kid two, and you and your spouse) so that's effectively $1 million per institution. Follow this up to 50 institutions and you suddenly have FDIC backing 50 million dollars. Of course this process can be automated well beyond 50 institutions with CDARS. Does this protect hundreds of millions? That's harder but possible. But it does protect clearly up to 10s if not $100+ million - you just need the spouse and kids or someone to have the joint accounts with.