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Millionaires can insure their money by depositing funds in FDIC-insured accounts, NCUA-insured accounts, through IntraFi Network Deposits, or through cash management accounts. They may also allocate some of their cash to low-risk investments, such as Treasury securities or government bonds.
High-Yield Savings Accounts Deposits of up to $250,000 are insured by the Federal Deposit Insurance Corp., which ensures they are ultra-safe investments. A high-yield savings account is a type of savings account that typically offers higher interest rates than a traditional savings account.
Millionaires dont worry about FDIC insurance. Their money is held in their name and not the name of the custodial private bank. Other millionaires have safe deposit boxes full of cash denominated in many different currencies.
Investment products that are not deposits, such as mutual funds, annuities, life insurance policies and stocks and bonds, are not covered by FDIC deposit insurance. See Financial Products that Are Not Insured by the FDIC for more information about uninsured financial products.
The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. The FDIC insures deposits that a person holds in one insured bank separately from any deposits that the person owns in another separately chartered insured bank.
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People also ask

How to Insure Bank Deposits Over $250,000 Open an Account at a Different Bank. FDIC coverage limits are per bank. Add a Joint Account Owner. Split Funds Between Ownership Categories. Use a Network Bank.
Stocks and Mutual Funds Many millionaires and billionaires made their money at least in part by investing in the stock market, or by owning stock in companies they started or worked for. Stocks can be an effective way to accumulate wealth, but rich people understand that you can also lose money in the stock market.
The FDIC insures up to $250,000 per account holder, insured bank and ownership category in the event of bank failure. If you have more than $250,000 in the bank, or youre approaching that amount, you may want to structure your accounts to make sure your funds are covered.

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