I couldn't resist. Here is my serious answer: there is no such thing as a "rich man's bank."
"The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category."
FDIC Deposit Insurance Coverage Limits
by account ownership category
|
Single Accounts
owned by one person |
$ 250,000 per owner |
Joint Accounts
owned by two or more persons |
$ 250,000 per co-owner |
Certain Retirement Accounts
includes IRAs |
$ 250,000 per owner |
Revocable Trust Accounts |
$ 250,000 per owner per beneficiary up to 5 beneficiaries (more coverage available with 6 or more beneficiaries subject to specific conditions and requirements) |
Corporation, Partnership and Unincorporated Association Accounts |
$ 250,000 per corporation, partnership or unincorporated association |
Irrevocable Trust Accounts |
$ 250,000 for the non-contingent, ascertainable interest of each beneficiary |
Employee Benefit Plan Accounts |
$ 250,000 for the non-contingent, ascertainable interest of each plan participant |
Government Accounts |
$ 250,000 per official custodian (more coverage available subject to specific conditions) |
To calculate your deposit insurance coverage
Use the FDIC’s Electronic Deposit Insurance Estimator (EDIE) at: www.fdic.gov/edie. |
For questions about FDIC coverage limits and requirements
Visit www.FDIC.gov/deposit/deposits, call toll-free 1-877-ASK-FDIC, or ask a representative at your bank. |
http://www.fdic.gov/deposit/deposits/dis/
From what I understand you will get a check which you can then deposit at a bank, once the funds have been transfered, you can then spread your money out to different insured banks.
If you won $150 million, there wouldn't be enough banks in America to spread your money out to and have every dollar covered by the FDIC. Talk with a financial advisor for more information but generally speaking, if you are only concerned with keeping your principal safe and you don't care much about earning interest you can buy US Treasuries. The 30 Year Treasury bond is currently yielding 2.89% interest.
Again, you want to talk with a financial advisor to help you set up a diversified portfolio made up of many different asset classes tailored to your own personal risk tolerance.