You Have Savings Accounts at Two Separately FDIC Insured Banks

Multiple Choice

You have savings accounts at two separately FDIC insured banks. At one of the banks your account has a balance of $200,000. At the other bank the account balance is $60,000. You find out the banks are going to merge. If you are concerned about the possibility of the new bank failing, you should:

A) do nothing; you are still insured up $250,000 per account.
B) consider moving $10,000 to another account at the same bank.
C) consider moving $10,000 to another account at a different bank.
D) do nothing; as an individual you are only insured up $250,000 no matter where the accounts are.