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Thank you, I’ve been confused about whether this product even potentially exists (as opposed to shotgunning your deposit across lots of banks to game the FDIC limit) and this is the first time I’ve seen it properly named.


Right now there aren't many satisfactory options for insuring excess deposits but here are a few strategies (including your aforementioned "shotgunning" approach): https://www.forbes.com/advisor/banking/ways-to-insure-excess...




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