I say if you have any funds in a bank you'd better think long and hard about getting them out. Have a small account for paying bill with a debit card or check, but a savings account will be hard to access if the system goes down or a run on the bank ensues. Think about how much interest you earn on a $100K per year. Is that enough for you to gamble with not being able to withdraw that $100K?
I've withdrawn all of my savings, such that it was, over the last 6 months. I left $250 in there. I will NOT be fucked by a bank bail-in. My children's accounts still need to be withdrawn but I'm not sure I can do that.
I say if you have any funds in a bank you'd better think long and hard about getting them out. Have a small account for paying bill with a debit card or check, but a savings account will be hard to access if the system goes down or a run on the bank ensues. Think about how much interest you earn on a $100K per year. Is that enough for you to gamble with not being able to withdraw that $100K?
I've withdrawn all of my savings, such that it was, over the last 6 months. I left $250 in there. I will NOT be fucked by a bank bail-in. My children's accounts still need to be withdrawn but I'm not sure I can do that.