Is there a limit on how much I can deposit into my savings account?
No, you can deposit as much money in your savings account as you want.
If you have $250,000 or less in all of your deposit accounts at the same insured bank or savings association, you do not need to worry about your insurance coverage your deposits are fully insured. If you have multiple accounts with different banks or credit unions, or if you have accounts totaling over $250,000, talk to your banks or credit unions to confirm your coverage.
The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.