When you have more than 250K in your saving

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asvv21
Jan 22, 2021 73 Comments

Since FDIC only insures up to 250K per account. For those who have more than 250K in saving account, do you have multiple saving accounts? Any recommendations on bank is appreciated.


Update:
As someone who has been extremely conservative with finances I never thought of investing. But with everyone’s responses here really started to question me if my way of dealing finances is a bit outdated. (I grew up in the Asian household, super conservative with money and yes we love having cash around) Long story short, I have been doing my own research as well as meeting with professional advisors (thanks those for giving tips on how to find good financial advisors!) and I started investing for the first time in my life. I’m still taking baby steps to be more confident and comfortable in the space but thanks all for providing honest opinions!

#personalfinance #investments

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