Online banks that are FDIC insured still pay the best rates. There are 7 banks that pay at least 5% APY for liquid money, bit more for CD’s.

If/When FDIC steps in, funds have been available the NEXT business day,without delay.

Rates could drop today with a FED drop. The desperate are paying more than anyone else, and the FDIC is allowing it.

Bubba,you said: “They offered a bank draft, but they get 5 days float out of that also” so what…

If you deposit that draft into any normal bank, you should get credited THAT DAY and start collecting interest, even if the funds haven’t been released.What’s wrong with that ?