I don't use banks for large investments, just a checking account and credit card. But, in my opinion, the best way to increase your FDIC insurance is to spread your money around to several different banks. A convenient way to do that is to buy brokered CDs through Fidelity or Vanguard, making sure that the CDs are FDIC insured and issued by different banks, and that you don't have more than $250K in any one bank.
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