Question on depositing money in Interest Bearing VS Non Interest Bearing Accts

[GIVINGisGREAT]

I have been told by bank personell that you can establish many accts [each with a different family members name attached to my name] within the same bank and each one would have the FDIC protection of $250,000...my question is this...I have seen posts here where people have stated they should put anything over $250,000 into a Non Interest Bearing acct because it would still be protected...is the bank giving me bad information? I can't imagine not wanting to take advantage of collecting the interest! Please set me straight.

Thanks,

Brian

[WorkerBee]

Non interest bearing checking accounts are fully covered through12/31/12.

http://www.fdic.gov/deposit/deposits/unlimited/faq.pdf

[Kanga]

I have been told by bank personell that you can establish many accts [each with a different family members name attached to my name] within the same bank and each one would have the FDIC protection of $250,000...my question is this...I have seen posts here where people have stated they should put anything over $250,000 into a Non Interest Bearing acct because it would still be protected...is the bank giving me bad information? I can't imagine not wanting to take advantage of collecting the interest! Please set me straight.

Thanks,

Brian

Take a choice 1] Do you want 1% or less interest per yer and not be insured on anything over 250,000 dollars or 2] have the insurance even if you have 3 million dollars in an account?

Mark Twain - "Certainly the game is rigged, but if you don't bet you can't win"

;)