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Old 01-05-2021, 05:47 PM   #21
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Join Date: May 2005
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Originally Posted by ncbill View Post
There are services that chop up and distribute CD or money market funds through other member banks/credit unions so at each you end up below the insurance limit, but only have one account at your participating institution.

E.g.: https://www.cdars.com
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Originally Posted by smihaila View Post
Thanks for sharing such great tip! Is there any catch / risk that we should be aware of with CDARS?

I used this when I was CFO of a small company.... it works very well and your bank does all the work...


You can tell them which banks they need to exclude if you have money in it yourself as there are plenty of banks in the program...
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