A redundant array of insured deposits of course. I'm actually serious, there's a service called CDARS [0] that balances a large number of individual CD account

A redundant array of insured deposits of course. I'm actually serious, there's a service called CDARS [0] that balances a large number of individual CD accounts of varying expiration times and maintains the 250k per individual per institution invariant. It acts like as single (albeit illiquid) bank account. [0] http://www.cdars.com/ http://www.cdars.com/