Open Question: FDIC insurance?
I just deposited a check from my parents estate. Because it was over $200,000. of course theres a hold for a couple of weeks on the funds.
I did deposit this on the banks advise into a money market as the funds await release so it at least can earn a bit of interest.
But my question is- if FDIC insurance is maxed at $100,000. does this mean that while I'm forced to wait my banks "hold" I could feasibly run the risk of losing anything over $100,000? Or because I was forced into this hold- would it all be covered since I cannot leaglly move it yet?