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What is the maximum amount allowed that one can keep in a bank now?

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.

Sub: #1 posted on Tue, 04/05/2011 - 03:37

Anna Sweeting Anna Sweeting

(Posts: 1827 | Credits: )

You are insured up to $250,000 per depositor per bank under FDIC.

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

Sub: #2 posted on Tue, 04/05/2011 - 04:07

Moderators Cum Industry Expert
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