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FDIC QUESTION
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FDIC QUESTION
IF THE FDIC ONLY INSURES FOR 250,000 HOW CAN OUR MONEY BE SAFE? DO WE HAVE TO OPEN LIKE 10 ACCOUNTS?
JUST WORRIED
STAK7
JUST WORRIED
STAK7
stark7- New Member
- Posts : 24
Join date : 2011-07-16
Location : arizona
Re: FDIC QUESTION
I say if the bank is in good shape with a high rating i wouldnt worry about it. If you had 10 million dollars you would have to open 40 accounts to protect it, does that sound reasonable.
ou812- Elite Member
- Posts : 464
Join date : 2011-12-16
Location : New York
Re: FDIC QUESTION
OR you dont keep it in American banks lol Plenty of offshore LEGAL options out there. Do what the rich do, follow their lead!
*****************
therealbutterfly- Elite Member
- Posts : 2416
Join date : 2011-08-02
Re: FDIC QUESTION
check out this link. It should answer your question.
The Certificate of Deposit Account Registry Service, or
CDARS,
oops...... http://safemoneyplaces.com/fdic.htm
The Certificate of Deposit Account Registry Service, or
CDARS,
oops...... http://safemoneyplaces.com/fdic.htm
*****************
SENATOR DOODOO
Support Term Limits for US Congress
doodoo- VIP Member
- Posts : 1173
Join date : 2011-10-08
THANK YOU
THANKS GUYS. AS ALWAYS YOU'RE THE BEST!!!!!!!!!!!!
STARK7
(GOT MY NAME RIGHT THIS TIME, DUH!)
STARK7
(GOT MY NAME RIGHT THIS TIME, DUH!)
stark7- New Member
- Posts : 24
Join date : 2011-07-16
Location : arizona
Re: FDIC QUESTION
doodoo wrote:check out this link. It should answer your question.
The Certificate of Deposit Account Registry Service, or
CDARS,
oops...... http://safemoneyplaces.com/fdic.htm
It still requires multiple banks.
ou812- Elite Member
- Posts : 464
Join date : 2011-12-16
Location : New York
Re: FDIC QUESTION
Peeps that have loads of money gernerally (IMO) dont just leave it in the bank. The monies are split up or diversified into different investments. those "investments" have their own "seperate" accounts. Thus the BEST safety in retention and growth ...rick152
rick152- VIP Member
- Posts : 2574
Join date : 2011-06-19
Age : 66
Location : Eastern Ohio
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