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How Much to Keep in One Bank
If I have more than $250,000 in a bank, do I need to move any monies over that amount to another bank?
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 Perhaps not any longer. The good news is that the FDIC imposed a $250,000 insured amount as the standard on October 3, 2008, so an individually owned account has $250,000 and a joint account, say you and a spouse, provides each of you $250,000. That is $750,000 in coverage there, and retirement accounts are still another separate category. This rule is temporary until the end of 2013. After that you'll have to watch and see if the coverage reverts to $100,000 or stays higher.
Be advised that when you deposit the maximum insured amount, the interest you earn is not insured. Any interest earned would exceed the maximum coverage. For that reason you should look at the future value of any time deposits and use that to calculate the deposited amount. If $245,000 would earn $5,000 in interest on a 12 month CD, $245,000 is what you should deposit if you want the interest accrued to be insured.
Published on BankingQuestions.com 10/09/08; updated 6/16/09
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