High Interest Investment

It is worth it to split my money into two savings accounts?

Okay so the direct savings account and the tax free savings account both have the same interest rate but the limit on the tax free savings accounts is $5000 per year. which means I'm going to have to split my savings into two accounts. Should I just put the whole things into a direct savings account instead of splitting it into two accounts?

Public Comments

1. no do two accounts so you can take advantage of the tax break you could even do two different banks in case one goes under and you have to wait a week for the FDIC to do its thing
2. yes better do that