Savings account for excess trading capital?

Discussion in 'Professional Trading' started by DarthSidious, Jan 12, 2008.

  1. NetBank's deposits was taken over by ING when FDIC moved in and closed NetBank. Over a weekend, accounts moved to ING - that's all. The scenario would doubtless differ for each bank failing, but since FDIC insures $100k per depositor, you are good. Problem arises for all funds above $100k - the receiver of the failed bank (FDIC) needs to see if they have money to pay everyone - if not, what % would be made available to all depositors that had more than 100K. This takes time
     
    #11     Jan 14, 2008
  2. A few things;

    Have a look at "optionscoach" closed end fund thread. It will give you a few ideas.

    I would think you would want to keep the funds in one place as much as possible. Wire fees can eat up interest earned if your not careful.

    You may want to look t IB exchange for physicals. You should be able to create synthetic short term bond with clearing house credit ratings.

    Bond ETFs are another option.
     
    #12     Jan 14, 2008