How much money can we safely deposit in the bank? and Closeup of the cartouche above the entry to the Merchants' National Bank designed by Louis Sullivan, one of his "jewel box" banks

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

Closeup of the cartouche above the entry to the Merchants' National Bank designed by Louis Sullivan, one of his "jewel box" banks


Image by leewrightonflickr
Louis Sullivan "jewel box" bank: Merchants' National Bank in Grinnell, Iowa

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