FDIC Insurance
I have a high yield online savings account with Marcus by Sachs which is near the threshold of FDIC coverage. How risky is it to exceed the FDIC limit by adding more money to that account for the increased interest?
Terry Says
In the long shot situation that the insurance comes into play, it would throw your account into a different category to be adjudicated if you are over the insured limit.
Why not try Treasury Bills for the other money? https://www.terrysavage.com/t-bills-beat-cds-2/
