If you are still in Citibank or any big bank for that matter, you might need to see this
(wallstreetonparade.com)
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Its amazing to me that people deposit higher amounts than what is FDIC insured when there are other ways to insure higher deposits like intrafi, DIP etc. or even as simple as naming other beneficiaries if needed to the account. I.E. wife if she doesn't have an account at the same bank there, boom now 500k insured, your child another 250 …. Etc.
Is ‘too big to fail’ (ala 2008) not a ‘thing’ anymore? Jk..but not really…
Agree, but that “we will make everyone whole” wont last but for the first few…
I would split it into different credit unions.