Is there a limit to the amount one can place into a regular bank. If so, where else can one deposit a large sum. $1,000,000.00+ ?
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Is there a limit to the amount one can place into a regular bank. If so, where else can one deposit a large sum. $1,000,000.00+ ?
Not an expert in this field
Most banks are FDIC insured for only 100,000 for the typical account.
If you have this kind of money, you need to talk to a financial planner that specializes in protecting wealth.
I have never, ever felt like the money I gave a good financial planner was money wasted, and I know I've always been steered toward options that I wouldn't have thought about.
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