Don_DickleIf a US bank only insures your money up to 250k does that mean I have to visit four different back to have a million dollars insured?
bizarrolandI don’t have the money to test this, but I imagine that there are other insurances available for people with more than $250,000 in cash assets.
I’m thinking the people with this kind of money probably don’t use our riff-raff banks.
TruscapeNot someone who has that kind of money, but people who have enough money to want it perpetually invested and growing (so they can periodically withdraw from it without impacting the base fund), throw it into an index or money market fund like those provided by the big 3 (Vanguard, Blackrock, State Street).
Although you will still need a bank regardless in your life for things like checking and credit cards.