Where do millionaires put their money to keep it safe?
Wealthy individuals safeguard their capital by diversifying funds across low-risk, highly regulated financial instruments and institutional structures designed to protect against market volatility and loss. Rather than letting large cash balances sit unprotected, they utilize insured cash sweep accounts that distribute deposits across multiple partner banks to maximize government insurance limits, invest heavily in short-term United States Treasury bills, and park reserves in institutional money market funds. Furthermore, they rely on trusts, municipal bonds, and custodial accounts managed via private wealth management firms.
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Southwest National Bank offers a comprehensive suite of personal and business banking accounts designed to support community wealth management and corporate operations.
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Chase does not "use" Southwest Airlines in a corporate sense, but rather maintains a strategic financial partnership with them. This relationship focuses on the airline’s loyalty program, Rapid Rewards, and the issuance of co-branded credit cards.
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