This is the worse financial advice I have ever read in my life and I can't believe that people still think that putting their money in a bank nevermind a savings account is a good idea and are actively posting this as banks are collapsing left and right.
I hope that's sarcasm, do you honestly believe that these banks people are advising to dump money in are going to be even in existence within 5 years? Because I don't.
Most of what us little people can save is well under the FDIC insurance amount, and you can always divide your savings across multiple banks. (I find it more insane that companies would have millions of dollars in one bank.)
This is the worse financial advice I have ever read in my life and I can't believe that people still think that putting their money in a bank nevermind a savings account is a good idea and are actively posting this as banks are collapsing left and right.
High yield savings is exactly where you want to keep home downpayment money you're saving.
I hope that's sarcasm, do you honestly believe that these banks people are advising to dump money in are going to be even in existence within 5 years? Because I don't.
Most of what us little people can save is well under the FDIC insurance amount, and you can always divide your savings across multiple banks. (I find it more insane that companies would have millions of dollars in one bank.)
brother the fdic is just as fake and gay as everything else