Ask HN: Best Startup Bank with low insolvency risk? 1 points by gibsonf1 3y ago ↗ HN We are in the same boat as many others with SVB and need to find a new bank. Any recommendations?
[–] gibsonf1 3y ago ↗ https://www.forbes.com/advisor/banking/checking/best-busines...TIAA bank is intereting with their CIDARS which breaks balances > 250K into CDs created in partner institutions.
[–] JumpinJack_Cash 3y ago ↗ Isn't the concept of 'startup bank' kinda the same of 'startup gasoline' or 'startup coal' ?Banking is a 500 years old business. There is no re-inventing the wheel at least customer side.Wells Fargo, JPMorganChase, Bank of America, Citi. The regular , known ones. Banking is not the place to look for alpha.
[–] radicaldreamer 3y ago ↗ Get a sweep account at Mercury or another bank. Those will be held in multiple different banks each being below the FDIC insurance threshold.
4 comments
[ 3.0 ms ] story [ 21.8 ms ] threadTIAA bank is intereting with their CIDARS which breaks balances > 250K into CDs created in partner institutions.
Banking is a 500 years old business. There is no re-inventing the wheel at least customer side.
Wells Fargo, JPMorganChase, Bank of America, Citi. The regular , known ones. Banking is not the place to look for alpha.