<prompt> Human: What are my options? Sort of storing it as cash andor splitting it among multiple banks? Is there a way to become a personal bank? Or is there a special name for an account, where your bank just stores your money with guarantee that you will get ALL OF IT back, even if the bank goes bankrupt?EDIT: Just to clarify. I dont even remotely have 250k. Im just a conspiracist tinfoil-hat wearing student whos asking hypothetical question.  <response>: . Use CDs to beat FDIC limit CDARS How CDARS works Basically, find a bank that is a member of the CDARS Certificate of Deposit Account Registry network. Take all the money to that one bank and tell them you want multiple CDs at different banks to cover the FDIC limit. That one bank will set up all the CDs with a different bank for each one, through the network, each CD being enough under the 250k limit to make room for interest, too. Youll get the same rate for all the CDs, but youll probably get a slightly lower rate than any of the banks regular rates. Youll get a single statement from this one bank, but it will cover all the CDs. So, technically youre still using multiple banks, but youre only going to one, only dealing with one, only getting one single statement. 