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Author: opentolearn Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35392  
Subject: cd'S fdic Date: 4/9/2003 4:54 PM
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Because banks have been merging, I find that I now have 3 accounts with one bank (which were formally with others). My understanding was that all the accounts are fdic insured up to $100,000 each until they mature.
My question is, if I choose to keep them all at the same bank once they mature, are all three accounts still insured for $100,000, my understanding was that once they mature I am only insured for $100,000 by the bank, no matter how many accounts I have there. I spoke to a representative from the bank today and she told me, each account is insured for $100,000, even if the name is the same. I think she is wrong.
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