How much money can we safely deposit in the bank?
Like 1 million or two? Or does it depend on the bank? Also how do trust funds work?
bank best answer:
Answer by coraann
$ 100,000. and have it totally insured is the maximum in any one bank.
You can deal with as many banks as you wish.
I think you mean trust companies, not trust funds. Much the same as banks.
There is not enough room here to explain trust funds. Too many of them, too many different
situations.
bank
LA Trust and Savings Bank
Image by xopherlance
Merchants National Bank Building (William Curlett and Son, 1913) in the foreground & the Los Angeles Trust and Savings Bank (Parkinson and Bergstrom, 1910) in the background, taken from the northwest facade of the Pacific Electric Building (Thornton Fitzhugh, 1905), 4th floor. All three buildings are now converted into residential lofts, but the former two were once part of The Spring Street Financial District, "Wall Street of the West".
The Beaux Arts architecture endures. This strip of Spring has been designated a Historic Cultural Monument by the L.A. Cultural Heritage Commision.
See where this picture was taken. [?]
Orignal From: How much money can we safely deposit in the bank? and LA Trust and Savings Bank
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