Where do you keep a million dollars?

Question

If the FDIC insures accounts up to $100,000 then where do you keep a million dollars? I know that you can keep a bunch of accounts at different banks, but, is there a smart place to keep 1,000,000 all at once?

The FDIC insures your accounts up to 100,000. So if I have a CD for a million and the bank goes out of business I lose 900,000. I was hoping someone who understands the FDIC could answer my question.

Answer 1

Send it to me and I will hold on to it for you.

Answer 2

Try seeing if your bank will let you put in in a bank account. Maybe a Certificate of Deposit (or several of them). I've never had to deal directly with the FDIC.

I like CD's because it makes your money amount grow pretty fast.

Answer 3

If you have a million dollars you aren't likely to have much of it in a savings account, you'll probably have much of it invested in something like stocks and bonds.

Answer 4

Open a Variable Annuity.
AXA his at the top of the game with Annuities.

Answer 5

keep that shyt @ your house....stuff it in the wall or something...buy a safe to put it in. dont tell no one where it is. if you married, don't tell your spouse, cuz nowadays some spouses are trifling as anyone else.

Answer 6

bob barkers @ss. no one will look there