Nononono!!!! > Deposits are insured up to at least $250,000 per depositor, per FDIC-insured bank, per ownership category If you want have more than $250k insu

Nononono!!!! > Deposits are insured up to at least $250,000 per depositor, per FDIC-insured bank, per ownership category If you want have more than $250k insured in regular accounts, spread it across multiple banks (or put some in a joint acct, but that has its own risks). Opening a chequing account and a savings account at the same bank doesn’t give you $500k of coverage if you were to put 250k in each.