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Author Topic: Worried about FDIC insurance limit..  (Read 1325 times)

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LosingNow

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Worried about FDIC insurance limit..
« on: October 01, 2008, 05:09:08 PM »

of 100K.

This is a nice product..

http://www.promnetwork.com/how-cdars-works-vid.html

Disclaimer: I have no relationship with promontory.
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flute

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Re: Worried about FDIC insurance limit..
« Reply #1 on: October 01, 2008, 05:10:33 PM »

of 100K.

This is a nice product..

http://www.promnetwork.com/how-cdars-works-vid.html

Disclaimer: I have no relationship with promontory.
worried? nah, yeh sab worry aap jaise CEO logon ke liye hain..hum tho safe hain :)
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LosingNow

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Re: Worried about FDIC insurance limit..
« Reply #2 on: October 01, 2008, 05:41:43 PM »

of 100K.

This is a nice product..

http://www.promnetwork.com/how-cdars-works-vid.html

Disclaimer: I have no relationship with promontory.
worried? nah, yeh sab worry aap jaise CEO logon ke liye hain..hum tho safe hain :)
This applies to your business accounts too!!

You can put your working capital (if > 100K) into CDARS and then get a line from the bank backed by this as collateral. That way the entire money is insured and you pay the bank the difference between the interest on line and interest on CDARS when you use the money (it is essentially the cost of full insurance!).

Anyway, this may be moot because FDIC limit may be increased.
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ruchir

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Re: Worried about FDIC insurance limit..
« Reply #3 on: October 01, 2008, 06:11:27 PM »

In the new bailout bill, they are planning to increase the limit to $250k.
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