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.

For information on FDIC insurance, visit the FDIC’s Electronic Deposit Insurance Estimator on its website or call the FDIC Call Center at 1-877-275-3342 (1-877-ASKFDIC) (for the Hearing Impaired, call 1-800-925-4618).The NCUA has a similar web tool for credit union account insurance.

Ask CFPB provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically.

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