What are options for people who have more than $250,000 in a checking/savings account?

I was reading that a checking or savings account can have a maximum of $250,000 in the US, but what do people who have more than this amount do with the money? Open multiple accounts and spread it out?

Submitted August 29, 2017 at 10:11AM by geonerd12 http://ift.tt/2xJF4CE