If I had $180 million dollars, how would I keep it in a bank and keep it insured? Would I have to have lots of accounts at different banks or could I put most of it in one bank?
It's doubtful that you would keep that much in banks if you were that wealthy. The normal insurance amount per depositor at each insured institution is $250,000. There are various ways deposit accounts can be held that can provide more than $250,000 insurance in each bank, however. There are a number of articles on this page that provide details. Some banks participate in CDARS, the Certificate of Deposit Account Registry Service, which can provide, through the organization's deposit placement service, up to $50 million in insurance coverage working with just one participating bank.
Published on BankingQuestions.com 3/19/10; updated 7/21/2010
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It's doubtful that you would keep that much in banks if you were that wealthy. The normal insurance amount per depositor at each insured institution is $250,000. There are various ways 