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A comment on The Joy of Fuck-You Money (2018). Parent comment

Re:The Joy of Fuck-You Money (2018) by greedo on Thursday March 11, 2021 @01:48PM (#26427515)
Why would you have 7 figures in a checking account? In the US, FDIC would only cover $250K of that in case of bank failure. It's a small risk (unless you're using a very small bank), but why take it?
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Re:The Joy of Fuck-You Money (2018) by dmoy on Thursday March 11, 2021 @01:54PM (#26427590)
There are quite a few checking accounts or equivalent in the US that subpartition into multiple sweep accounts for >>$1m of FDIC coverage.

Fidelity for example covers you up to $1.25m

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Re:The Joy of Fuck-You Money (2018) by TheMagicHorsey on Thursday March 11, 2021 @04:48PM (#26429437)
I'm about to buy some rental properties.
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