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FDIC QUESTION
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FDIC QUESTION
by stark7 Wed Feb 15, 2012 11:52 am
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
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Re: FDIC QUESTION
by ou812 Wed Feb 15, 2012 11:57 am
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.
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Re: FDIC QUESTION
by therealbutterfly Wed Feb 15, 2012 12:05 pm
OR you dont keep it in American banks lol Plenty of offshore LEGAL options out there. Do what the rich do, follow their lead!
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therealbutterfly- Elite Member
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Re: FDIC QUESTION
by doodoo Wed Feb 15, 2012 12:07 pm
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
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THANK YOU
by stark7 Wed Feb 15, 2012 12:28 pm
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
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Re: FDIC QUESTION
by ou812 Wed Feb 15, 2012 12:31 pm
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.
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Re: FDIC QUESTION
by rick152 Wed Feb 15, 2012 12:34 pm
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
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