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The simplest way to make sure your deposits of more than $250,000 are covered is to move any excess money into a new account at a different FDIC-insured bank. The FDIC insures up to $250,000 per ...
Dig deeper: 6 best ways to FDIC-insure your excess deposit amounts. ... jumbo CDs offered a way for people and businesses to safely invest money at higher rates than available with a traditional CD.
“Having excess cash beyond an emergency fund can mean missing out on potential returns from investing,” said Fluent in Finance founder Andrew Lokenauth, a 15-year Wall Street veteran who held ...
5. Keep your money insured. One of the things that makes a savings account one of the best places to store extra cash is insurance from the FDIC. The FDIC offers up to $250,000 in insurance, per ...
Like other deposit accounts, MMAs are federally insured for up to $250,000 per account, which means your money is safe. ... Say you invest $100 into an account that pays 10% interest. After one ...
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