Who in their right mind has any significant amount of their total net worth in a bank account. Even OPRAH or MEAGHAN?
Just because they are wealthy doesn’t mean that they are financially smart.
$250k is safe and guaranteed.
In every bank you put that sum into.
Bank CD’s are pretty good right now. Just keep it under the FDIC insurance limits. I understand lots of big players need more than that to meet payrolls and/or cash flows, but, FCOL, get additional accounts at other banks.