Flu beat me to the punch. I haven’t been on the board much as I’m starting a new company in another company so busy busy.
But yes, you can get around FDIC if you are creative. Most people ask why you would hold such large amounts in a Savings or checking or MMA? And there are all kinds of different reasons. For example, I still do with some of my accounts because I get American Airlines frequent flyer miles which I use to upgrade to 1st class so they are VERY valuable to me and they aren’t taxed.
In this environment of VERY low interest rates, and already having more than I want in the stock market, it’s great ROI for me while still protecting past FDIC limits.
