The point is that FDIC has come up in the news recently. So, I'm curious to what extent FDIC influences your decision on where you keep your cash? Likewise the extent to which FDIC influences whether you choose to invest in CDs?I don’t really get the point of this thread.
For me/us, though BofA and JPM provide convenience and a number of services that we find extremely useful, having the sense of security which FDIC provides is a significant factor why we have any money sitting in accounts with them. It's why I keep any money in their 0.01% savings accounts. Take away FDIC, and it less enticing than my Fidelity CMA.
As for CDs, personally, without FDIC, I do not see any need for them. May as well buy the bank's bonds.