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--Deposit the money in two different banks?

That would work.

--Will a joint account mean that we are really insured for 200,000?

As I understand it, yes.

--Other possibilities?

In fact, you can insure up to $400K at one bank, if you have 2 people. One account for person A ($100K), another for person B ($100K), and a last for them jointly ($200K).

After that, you can get another $400K at another bank, etc.

Do keep in mind that (given you are concerned about FDIC insurance), it would not be wise to deposit the full $100K to each account, because then any interest you receive is over the limit and uninsured.

Finally, should you not believe me, or just wanna check it out for yourself, play around with this:
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