Tech Insider

Our experts answer readers' banking questions and write unbiased product reviews (here's how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.

Woman sitting in chair outdoors uses tablet
If you open multiple savings accounts at the same bank, keep in mind $250,000 per depositor, per account category is protected.

Oscar Wong/Getty Images

Tags
Personal Finance, Banking, Savings, savings-accounts, personal-finance-insider, pfi-storytelling, pfi-reference, pfi-guide, pfi-featured-products
Source
How many savings accounts can you have? Pros and cons of multiple accounts