Tech IndustryMar 10, 2023
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Money safe in high yield savings ?
Given what happened to Silicon Valley Bank, is it safe to keep money in high yield savings accounts like Marcus? https://www.google.com/amp/s/www.cnbc.com/amp/2023/03/10/silicon-valley-bank-collapse-how-it-happened.html Tc: 340k
Here’s how the second-biggest bank collapse in U.S. history happened in just 48 hours
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I mean they’re FDIC insured to $250k. If you have more than 250k sitting in a personal bank account you’re kinda an idiot anyway.
So if it's under 250k, it's safe?
Yes that's how FDIC insurance works. Google it.
Up to 250K
How about robinhood, they announced safe less than 1.5M
i took mine out. idc about the yield lol.
Where did you put your $$$ then?
Same que where did you put your $$
Svb got some decent high yield offerings. I suggest depositing with them.
Make sure they're fdic insured and under 250k per account only,
Buy 3mo treasuries
Debt ceiling risk
What happens with debt ceiling risk?