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Where did you find that? I've got one sitting at 4.75% on 13 months, and a few others for shorter terms and of course lesser %. If you can get that kind of rate and $150k, I would drop 2 of them at 75k each, to make sure you are FDIC insured. At that, its about $1200 you made in 90 days?
If you research your bank, FDIC is truely not a requirement. IMHO
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Thats true you don't "need" fdic, but With how every one ( or so it seems) is "cooking" the books, it can't hurt.
I work way to hard to risk my money like that.