We all know the story with banks...do you think its smart/safe to keep $25,000 in one checking account?
Smart to keep $25,000 in a checking account?
We all know the story with banks...do you think its smart/safe to keep $25,000 in one checking account?
For how long?
Its insured.
.
.
.
I blog at Red State Eclectic, I totally tweet here, I sell stuff here, and also here. Liberty rocks!
Not any more. The internet knows you have it!
Yes it's very smart. Let me give you my acct number so you can make the deposit.
"It's probably the biggest hoax since Big Foot!" - Mitt Romney 1-16-2012 SC Debate
#FirstWorldProblemsOriginally Posted by BFranklin
Let's move forward to the Constitution.. I am the new GOP. I stand with Rand.
I wish I had $25,000 lol I'm just asking people...relax
I always wondered what people with millions do with their cash. The bank only insures $250,000 right?
with savings accounts drawing less than 1% , i would rather have my money in a checking account , the reason being , a checking account is a demand deposit , meaning no matter how much you had in the account the bank has to release the funds to you if you demand it , like withdraw or write a check to that amount.
where as with a saving account the bank can wait a time to give you the funds if they wanted to , i forget how long they can wait before giving you your savings , i think up to 30 days.
Only if it in the process of being spent.
If you have any debt get rid of it, then start saving cash.
When you have so much cash you don't feel safe keeping it at home invest in PM's, preps, guns and ammo.
When you have enough of these to get you buy for a few months should the power go out, then start investing.
Ron Paul: He irritates more idiots in fewer words than any American politician ever.
NO MORE LIARS! Ron Paul 2012
Better off
Better off keeping it in Verizon. Highly liqiudable stable company pays 5% dividend on your money in. Its better than any bank =).
Posting Permissions
Reply With Quote