Selling a home

[Xenone]

I'm about to accept a contract on a home and I'm not feeling awesome about placing such a large sum of money in a bank, advice?

[disneysteve]

I'm about to accept a contract on a home and I'm not feeling awesome about placing such a large sum of money in a bank, advice?

Can you be more specific? Are you asking what to do with the proceeds of the sale? The answer to that really depends on how you intend to use that money, and when. Are you buying another house? What's the time frame for when you will need to access this money?

How much money are you talking about? Will it exceed the FDIC limit for one account?

[snafu]

Current insurance limit is $ 250,000. If you anticipate a higher payment, I suggest you open a second, savings account to split the deposit avoiding the insurance protection limit.

[Randomsaver]

I wonder if the OP is me.

I put all mine in Money Market for now.

[snafu]

If you're using a MM brokerage account, there is merely the reputation of the brokerage firm to protect you. Bank MM accounts are insured to the same limits as other accounts.