How much money is secure in any bank ?

I meant to say , in FDIC secure bank like Bank of America , Sovereign bank

This is one of the most misunderstood bank rules because it's not as intuitive as it may seem. The amount of coverage is based on owner classification. You are insured up to $100k per account ownership classification per institution (sole, joint and trust accounts are separate ownership classification for insurance purposes). For example, a husband and wife can easily be covered up to $400k in one bank as long as the account ownership classification are done correctly. If a bank went insolvent both the husband and the wife would be covered up to a total of $100k for all accounts in which they were the sole owner. Both the husband and the wife are alloted another $100k in coverage individually for all joint accounts they have with the institution. Here is a simple example:

Husband's individual account: $100k
Wife's indidvidual account: $100k
Husband and wife joint account: $200k ($100k for husband's individual ownership of joint account, $100k for wife's individual ownership of joint account)

Note: if the husband/wife had another joint account at the same institution with another party the husband/wife would not have coverage as he/she has maxed out their individual joint account coverage.

Note: FDIC eligigle Retirement accounts now qualify for $250k in FDIC coverage. Trust accounts are another ownership classification and are viewed separately from sole and joint accounts for FDIC insurance coverage.

My financial adviser from AXA told me it's best to have access to 3 months income in savings... so it really is going to depend on what you salary is to determine the actual amount you need...

As much as you want to put into it. Just put $100,000 into different accounts. each account is insured to the maximum amount.

IT USED TO BE $100K. NOW IT IS $150K

I think 25k per account, 100k per institution....not sure. IRA accounts are another story.....250k.

100,000 in any one bank. Not branch, but the bank itself.

There is a program to increase that insurance level so you can keep more in any one bank, but the name escapes me. CDAR or something like that.

I've linked to the FDIC page that discusses the insurance limits.

That is PER Bank. You can put $ 150,000 if that's the current amount in 10 different banks and be FDIC insured at that point for the full $1,500,000

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