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What type of bank account do the Rich keep their money in if the FDIC only insures up to 100000.00 in a bank account?

April 26, 2017bank account FDIC insures money Rich type

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What type of bank account do the Rich keep their money in if the FDIC only insures up to 100000.00 in a bank account?

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The FDIC insures up to $100,000 in an account, however you may use multiple accounts, each insured up to $100,000. “Rich” people became that way, not because of interest on bank accounts, but rather by making good investments.