How is a company with billions in cash reserves protected when the banks only insure up to $250K?
A web user asks, Does a company like Apple with billions of cash in reserve put their money in the bank when the bank only insures up to $250K, and if so how is that cash protected?
Can you help them out? Post your advice!
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Posted in QnA
The fdic only insures 250k, but it is possible to purchase private insurance for any amount.