A Safe Stash for Big Cash
A Safe Stash for Big Cash
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Just a few years ago, if you wanted to save much more than $100,000 in a certificate of deposit (CD) without losing federal deposit insurance, you faced the tedious job of opening accounts at an array of banks around the country.
Today, with deposit insurance more critical than ever, a growing number of savers are turning to a network called Certificate of Deposit Account Registry Service, or CDARS, to simplify the process and maintain insurance coverage on up to $50 million.