Re: Are Any Non Mega Banks Safe Enough To Ignore 100K FDIC Limit?
To keep the discussion to the original question, the risks have been pointed out very well. The good news is with online banking with a joint account you should be able to pick 5 financial institutions and open accounts at all in well under an hour of time.
There are many financial institions who have not reacted well strategicly to the change in interest rate environment and some rates 3-5 years out will look good now, but will look like a killing 6 months from now.
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