james48
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- Joined
- Mar 23, 2007
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i will be coming into some money soon (few hundred k) - being that the fdic insurance only goes up to 100k on a savings account, would it be a bad idea to put it all in 1 account? not etrade of course, but something like hsbc? anybody know of any way around it, example if i open 2 different accounts both in my name in hsbc are they both insured up to 100k? Or do i have to open accounts in different banks? or should i just put it all in 1 count, i am assuming the chances of hsbc going out of business is slim to none? what would you do? thanks for any help.