Quote:
Originally Posted by Bill14564
It does seem that way. A single account for $250,000, a joint account for $500,000, a revocable trust with two beneficiaries for $500,000 would seem to increase your total insurance to $1.25M at that one bank.
But I agree, a cleaner method would be to spread the funds across several banks.
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The $250K limit is per customer, not account. If you have $1MM, split it over 4 different financial institutions.