Quote:
Originally posted by Hank Chinaski
the though has been floated around my firm that we should increase the frequency of bonii due to the fact that "banks are failing" so we should keep our deposits low. paranoia or good sense?
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You know your bank - there are some I'd worry about.
There are some places where there are state bank insurance plans that fully cover deposits. Moving to a smaller state bank might give you full insurance. It also may be possible to use an investment account that will put the funds in securities that you own, rather than just in an account. Most large pots of money don't sit in depository accounts. But then, the idiots who don't manage their money have done a lot better than the stock market lately, no?
