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Sub: #1 MAX amount for Banking
Replied on 04-05-2011, 01:52 AM
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What is the maximum amount allowed that one can keep in a bank now?

Sub: #2
Replied on 04-05-2011, 02:37 AM
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Well... there is no maximum amount that your bank will restrict you to. However, if you want to reap benefits from your savings, you can keep a certain portion of it in your savings account and invest the rest of it. However, when you plan to invest the money, take professional help for the same.




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Sub: #3
Replied on 04-05-2011, 03:07 AM
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You are insured up to $250,000 per depositor per bank under FDIC.


You want more than just a savings account...you want to be looking at a money market account or other higher yield account. Talk to a financial planner at your bank.




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