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banking

Is there a limit of savings accounts you can have in your name?

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Anonymous

Asked by Anonymous at 2:23 PM on Mar. 19, 2010 in Just for Fun

Answers (3)
  • I don't think so. We have accounts spread out through three different banks. Also I am on my Aunts and my Mom/Step-Dads accounts. Total I have my name on about ten different accounts.
    kc932

    Answer by kc932 at 2:27 PM on Mar. 19, 2010

  • Nope. If you have more money than is covered by FDIC, it's a good idea to spread it out between banks.
    missanc

    Answer by missanc at 2:37 PM on Mar. 19, 2010

  • Most banks will only insure up to around $200,000 in an account. You can put all you want, but if something happens, that's all you'll get back.
    forevermom75

    Answer by forevermom75 at 2:41 PM on Mar. 19, 2010

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