2007-09-19 07:37:59 · 5 answers · asked by dana d 1 in Business & Finance ➔ Personal Finance
You can have any amount you wish in a bank account - there is never any cap but its only insured up to a certain dollar amount.
2007-09-19 07:45:28 · answer #1 · answered by CupCake 5 · 0⤊ 1⤋
In the US, you can put as much money as you want in a bank account. However, if you have more than $100,000 you don't have federal insurance on the excess over that amount. And banks don't pay that high an interest rate, so its not a good idea to keep excess funds there.
2007-09-19 07:46:24 · answer #2 · answered by hottotrot1_usa 7 · 0⤊ 1⤋
Only have $100,000 because it will probably be FDIC insured up to $100,000. If you have more than $100,000 then have another account and so on......
2007-09-22 08:31:15 · answer #3 · answered by Gary 5 · 0⤊ 0⤋
as much as you want although you are only insured for 100,000 dollars
2007-09-19 07:46:11 · answer #4 · answered by cubsfan5289 4 · 0⤊ 1⤋
Is this a trick question?
2007-09-19 07:50:11 · answer #5 · answered by Anonymous · 0⤊ 1⤋