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FDIC QUESTION DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

FDIC QUESTION

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Post 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
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Post 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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Post 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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Post 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

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Post 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!)

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Post 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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Post 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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