FDIC
If FDIC only insures your savings up to $250000.00 , should you open another savings account to be safe??
Terry Says
You should open another account in another bank, if the money is in your name, and you want to be fully covered. OR you could buy Treasury bills direct from the government at www.TreasuryDirect.gov. Any amount is fully guaranteed by the “full faith and credit’ of the United States Treasury. (And there is no state income tax on Treasury bill interest. Minimum investment is $100. Read this recent article for information on how to buy Treasury Bills.
