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by snuxoll
1192 days ago
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Mercury just announced a new cash management / CDARS account to provide up to $3mm of FDIC coverage through 12 partner banks, with plans for potentially more. I would hope the lesson from SVB's collapse is don't put your eggs all in one basket, not put them in the biggest basket you can find. (That said, said service to split your eggs up doesn't need to be Mercury - they're just the VC-backed startup darling here. There's plenty of other banks that offer these services.). |
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