3.4% vs 0.01% interest I don’t want to get into dealing with FDIC etc. or it’s straight forward to get from FDIC? Not a troll post #personalfinance
If you have over the fdic insured amt of cash but don’t have the basic financial knowledge on how to deposit it you really should lose money.
Thnx Meta! Don’t have that much amount nor knowledge. I know you have both and better skills also #metaverse
They’re both just as safe as the other. If the bank goes out of business the fdci will cover you so it really doesn’t matter
Up to $250k, past that you’re SOL. Just look at Roku with $485M in SVB.
First Republic
😂
Dude , go for Marcus please 🙏
why? it’s lower after the bonus period
I work at capital one and have 60k in savings with them. Put it in an 11mo 5% apy CD. Our balance sheet isn’t fucked like the smaller bank. We do fixed rate loans, and have some commercial loans. The next banks to go are the once that made variable rate commercial mortgages. Theyre about to blow up.
I agree, as a note Capital One is about the only big bank, that did NOT need to be bailed out in 2008
We also have the highest share of deposits that are insured by the FDIC (~70% of our deposits) which makes it very unlikely we will have a run
Chase and c1 are both fine. My bias is towards c1(obviously) as overall I think we’re better positioned, but tbqh if JPMC has a bank run, we have a huge issue on our hands and it won’t matter where your money is.
Under 250k in that bank, it won't matter