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NWJames1 t1_je848w2 wrote

I agreed with comments that T bill are the safest and exempt from state and local income taxes. Note there will be US debt ceiling discussion some where in July and later. I really doubt US government will stop paying its debts (T bills and others), but we will just monitor the event at that time. If you decide put into CD or brokered CD, make sure to keep within $250K per bank. Even if a bank fails, FDIC is insured.

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singh0501 t1_je84y0c wrote

If I have a joint bank account with my wife, is the FDIC insured for $500K?

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NWJames1 t1_je85lc0 wrote

check with that bank for their CD. I think you need to make the CD is equal or less than $250K per bank

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singh0501 t1_je9s48n wrote

It’s actually just a high yields saving account. But I will check

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