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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We have most of our cash savings with Wealthfront. It's guaranteed up to $2mln because they spread it across a few different banks to deal with the $250k/account limit: https://www.wealthfront.com/blog/cash-account-2m-fdic-insurance[/quote] That’s pretty cool. How do you like them? I have Boomer parents who have way too much cash and are super spooked right now.[/quote] Do parents have more than $1 million? As said before, it is easy enough to have $1 million covered by FDIC at any bank of your choice. Two banks $2 mil. You would give up a lot these days if you move your savings from your bank that offers best interest on savings to somewhere else just so that they can manage FDIC insurance for you. [/quote]
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