Large Down Payment Holding Location

[Tezz24]

We have a large (i.e. >250K) down payment that we have pulled from the market and now it's just sitting in our checking account.

It's obviously for a HCOL area and in a competitive market we may need it quickly.

Where would you recommend we keep it? Are there FDIC issues in play? Split between our checking accounts? Put some in a vanguard money market fun?

Thanks

[Radagast]

Maybe choose the more reliable FDIC options of these, one for each of you?
https://www.doctorofcredit.com/high-interest-savings-to-get/#Basic_High-Interest_Options
Money market is convenient too and over a short time the difference will be small.