A safe amount of money to put into one bank account?

Question

I know after a certain amount of money you should slit it up into different banks and or different accounts. At the most, how much could I keep in one bank in one account?

Answer 1

~~Never put more than $100,000.00 in any one bank, then you will stay FDIC insured.~~

Answer 2

Deposits are insured by the FDIC up to $100,000

Answer 3

I'd go with about 75,000$

Answer 4

More specifically, if you're form the US, the FDIC insures up to 100,000 dollars per banking institution, not per account.

So you could have an account like this:

Bank A

Account 1: 60,000

Account 2: 40,000

And you'd be fine.

But if you had 120,000 dollars, you'd only be insured for 100,000 in every bank. So you situation would then look like this:

Bank A

Account 1: 60,000

Account 2: 40,000

Bank B:

Account 1: 20,000

And so on.

You can check it out in a video here:

http://www.vodium.com/MP/MPF/1.1.3/mpf.a...

and the canadian equivalent

http://www.cdic.ca/