If you have cash over $250,000 in your bank and want to protect your investment should the economy fail, all banks are insured by the FDIC up to $250,000.
So many wealthy individuals or business accounts in the past would divide their cash accounts into several different banks to be protected and have the money insured.
Now, this is when CDARS comes in and does everything in one bank to offer you the protection you need all in one place.
Link
So many wealthy individuals or business accounts in the past would divide their cash accounts into several different banks to be protected and have the money insured.
Now, this is when CDARS comes in and does everything in one bank to offer you the protection you need all in one place.
Link
