Can I have 35K in bank 1 and 35 in bank 2 and still be protected in both cases?

Question: Can I have 35K in bank 1 and 35 in bank 2 and still be protected in both cases!? !?
Best Answer - Chosen by Asker:

make sure that neither bank has an association with the other, because if say one is owned by the other my understanding of the matter from martin lewis who is a money expert, is that you would only get back one lot if the bank failed!. And the government has increased it to 50k

i assume you are in UK!?Www@QuestionHome@Com

Yes, FDIC protects depositors at each bank up to $250,000 in CDs, IRAs, checking and savings accounts!. They do protect most money market accounts, unless the money market is actually part of a mutual fund family!. Mutual fund families are considered securities and not part of the bank's assets!. In that case, there's no protection by FDIC!. It's through SIPC and their protection is VERY limited!. But then, because it's not part of the bank, they survive whether the bank does or not because they're owned through an investment company and the bank was only your broker!.Www@QuestionHome@Com

You were protected up to 100,000 per account!. Say you have an account and you have an account with your wife and you have an account with your son and you have an account with your daughter!. All are protected!. This level is being raised!.
So don't run to the bank and then put your money under the mattress!.
A friend of mines dad did that a couple of years ago and someone was watching!. So when he left the house, they stole all his money!.Www@QuestionHome@Com

FDIC insurance limits have been raised this week from $100,000 per client per bank to protect up to $250,000 as of now!. You can put all $70,000 in one bank and save the $5!.95 monthly maintenance fee from one or the other bank!

Oh yeah!.!.!. that is, as long as the bank participates with FDIC!. Better check!.!.!.Www@QuestionHome@Com

you must be definite that both banks are independent of each other!. you would be amazed how many banks are connected!. also the limit will raise to 50k from tuesday!. hope that helps!.Www@QuestionHome@Com

I'd like to have 1K let alone 70K!.
Put your money in an Irish Bank, unlimited Protection guaranteed by the Irish Government!.Www@QuestionHome@Com

As long as the banks participate in the FDIC insurance program up to $100,000 per member bank per depositor; soon to be raised to $250,000!.Www@QuestionHome@Com

If the banks are FDIC insured (no, not all banks are), then they are insured up to 100,000 MINIMUM per account!. In your example you're just fine!.Www@QuestionHome@Com

Yes as long as both banks arent owned by the same company!.Www@QuestionHome@Com

It has been on the news that you can now have ￡50,000
in you bank account that will be safe!Www@QuestionHome@Com