[quote=UCGal]You need at least two banks. FDIC covers up to $250k. Just having 2 accounts at one bank won’t do it – you need two different banks.
Schwab has pretty good rates on the interest bearing checking.[/quote]
The limits go up under different circumstances.. For instance you have a trust (living trust), the limit goes up, roughly per beneficiary… Why someone would take a gamble on one bank though, is another question:)
