My accounts at a local bank is reaching the 250k fdic insurance limit.
Because of this issue, I am thinking about transfer the money to Fidelity and buying some brokered CDs from Fidelity. Would each brokered CD from a different bank give me a separation 250k FDIC protection? For example, If I have 400k, can I split it evenly into 2 brokered CDs from 2 different banks that's offered by Fidelity? Would that give me 500k protection?
Another option is to buy treasury bills from Fidelity's web site. Is treasury bill/notes a safer option than FDIC insurance?
Are there other simple and safe options? Thanks.
Because of this issue, I am thinking about transfer the money to Fidelity and buying some brokered CDs from Fidelity. Would each brokered CD from a different bank give me a separation 250k FDIC protection? For example, If I have 400k, can I split it evenly into 2 brokered CDs from 2 different banks that's offered by Fidelity? Would that give me 500k protection?
Another option is to buy treasury bills from Fidelity's web site. Is treasury bill/notes a safer option than FDIC insurance?
Are there other simple and safe options? Thanks.
Statistics: Posted by bigfig — Sun Sep 15, 2024 5:06 pm — Replies 0 — Views 55