How much money can we safely deposit in the bank? and First National Bank of Orwell (1878) – self-portrait reflection

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

First National Bank of Orwell (1878) – self-portrait reflection


Image by origamidon
441 Main Street, Orwell, Vermont USA • The First National Bank of Orwell (1878) is the smallest bank in Vermont, and thus one of the smallest in the United States. • Victorian Gothic style, brick, flat roof, 1 story. Features: lintels, polychrome slate, cornice arcading, distinctive door, round arch window, distinctive interior. • Here's a nice article on the bank and it's history.

☞ This structure is listed on the Vermont State Register of Historic Places. Source: Data excerpts from "The Historic Architecture of Addison County: including a listing of the Vermont State Register of Historic Places"; Vermont Division of Historic Preservation; Curtis B. Johnson, Editor; © 1992.

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