do you keep your savings in one or more banks?i found out that if a bank goes insolvent in my country one is only insured for $100kso it's smart to split your savings between two banksbut it think it's a hassle and just want to keep it all in one bank, much easier
>>61549016I don't keep more than $5k in a savings account
>>61549016Who the fuck is keeping anything in a bank or a cex?
>>61549022normal people who don't gamble
>>61549029Kek
>>61549016>insured for $100kWho guarantees it? Another bank? And of course there are many other collectors ahead of you in the line. The only thing you can trust a bank to hold is your debt.
>>61549206Governments. FDIC in the USA.
>>61549206>Another bank?Yeah, basically. Thing is, if one bank goes boom, it's probably fine and you will probably receive your money at some point.But if another bank goes bust too, then shit gets real, there's probably not enough money to pay everyone.
>>61549016Why are you keeping that much money in a savings account instead of some inflation-beating investment?
>>61549228You mean the government that is $62 trillion in debt? Just how do you expect them to pay off their own debts then give you some of their spare cash to cover your bank account?
