Automate $250k balance max across multiple bank accounts

https://www.intrafinetworkdeposits.com/

https://smartasset.com/financial-advisor/cdars

$50M max coverage through participating FIs

"2. We generate a plan for your funds"

"3. Accept the plan and we start moving funds"

Does anybody want to guess what happens at step 4?

$5,000 setup + 0.05% annual fee (> $125)

1. First, half the HN front page is filled with SVB stories, because, reasons. 2. HN commenters instantly become experts on the capital structures of financial institutions. A bunch of people find out the basics of how banks work and get caught up in the current hysteria. 3. Someone makes an app.

Like clockwork.