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.