CDARS, the Certificate of Deposit Account Registry Service, is a product that may be offered at a local bank.  It is one way to reap the benefits of FDIC insurance with a large deposit.  A bank that offers CDARS will give you one interest rate while they spread your money across many other financial institutions to give you full FDIC coverage on your investment.  For more information and for a list of participating banks go to the CDARS website.

Investment Education