Nononono!!!!

> Deposits are insured up to at least $250,000 per depositor, per FDIC-insured bank, per ownership category

If you want have more than $250k insured in regular accounts, spread it across multiple banks (or put some in a joint acct, but that has its own risks).

Opening a chequing account and a savings account at the same bank doesn’t give you $500k of coverage if you were to put 250k in each.

Thank you for this. I was under the assumption one could open any number of accounts at the same bank and get the same insurance guarantee. It is good to read the specific language.