If anyone inherited say 25,000 should you devide it into 2 different banks?

No reason to use 2 banks unless you want to. Now ... over $250,000 - YES, because FDIC only insures up to $250,000.

No reason to split it up.

No, that's just a slight complication but unnecessary and without any significant benefits. You would also want to put it someplace where it earns more because bank interest is currently extremely low. At least a money market account.

 it depends what  you intend to do with the money - keep it or spend/use it

If you are thinking about just putting into a bank then I would thing twice - cos the interest rates in all of them are so low at the moment you can forget the interest you are gonna get from it
 (I dont know what the interest rates are in the US but in the UK the best you could get in a savings account would be 0.2% - so that would be 50$ interest/year on 25k
   Just done a bit of checking- it appears the average interest on a savings account in the US is about 0.1% so thats $25/year you would get - Hardly worth the bother
 (the reason for that is  - the US government dont WANT people to save - it wants them to SPEND cos the US economy depends on them spending - thats also why it wants to relax its lockdown rules cos at the moment people CANT spend . Could be in a few week interest rates will go negative- so YOU will have to pay to keep your money in a bank- Cant happen? - it happened in japan in the 70-80s --.the banks actually PAID people to borrow money, to get their economy going again)

 (do NOT even think about anybody promising significantly higher interest than banks are paying - cos they are out to scam you)

What you do with it then depends on how much cash money you have in total, and what debts you have
  You should certainly think about paying of any ccard debts
  If you got a mortgage you could think about using some of it to pay off some of the mortgage - cos the interest on that will be a lot more that you will get from saving it

The interest can vary but the main reason is that you if one of your bank accounts get hacked, they will only get what's in that account.  I would put it in 3 accounts....10K in two banks and 5K in the last one.

No advantage to deposit to two separate banks. In fact you may get a better interest rate on the amount by depositing it in a single account. Some online banks pay higher interest that the brick and mortar ones.

I would deposit into a bank account for a short period of time and to ensure it is easy to move to a high interest source...25k can earn much more elsewhere than low interest bank accounts

Banks set their own interest rates, so the interest between whatever two banks you might choose may not be the same.  Unless it's just something that helps you keep your personal finances organized, there's really no advantage to splitting your money like this.  

The interest may or may not be the same.
Different banks offer different interest rates and different types of accounts.
A simple savings or checking account will have a different interest rate than a CD - certificate of deposit.
You need to decide if you're going to just let the money sit and accumulate interest or if you'll need access to it.
Many options - best to talk to a banker who can guide you.

it wouldn't be necessary as the FCIC or NCUA insurance is 250,000$

Bank interest is a joke.  If you could get 2% it would be a miracle.  You would be far better off investing the money (although in the current economic situation you would be better off waiting for at least a few months).

That's going to depend on the banks.  Typically, you might get slightly more interest for a larger amount but the money from most savings type accounts today is pretty poor.

As long as the bank is FDIC insured, you wouldn't need to go with different banks, but you may want to have different accounts. You may want to go with investment strategies that are with defense and medical manufacturing. Those businesses are still at work even now.

I'd look at interest rates at different banks and divide it out more than that.

I'd look into CDs and see what rate that are at.

I have 3 different banks and never put it all in one spot.

For the most part its not going to earn that much in a bank.

The interest may or may not be the same RATE. Banks have different rates. However, if you receive an inheritance of that size, you will first pay inheritance taxes, so it won't end up being the full $25K anyway. And you might get a real interest bump up if you put all of it into an IRA, or a Certificate of Deposit, or in one institution. Shop around for the best advantage at several banks. 


If you deposit $10K or more into any financial institution, it triggers notice to the IRS in the form of a Currency Transaction Report. The bank is mandated to send that info to the IRS. No report is sent if the amount deposited is under $10K. So if you decide to spread it around, you should keep your deposits under $10K in each institution.