Comments by "Charles Brightman" (@charlesbrightman4237) on "Large U.S. banks come to rescue of First Republic" video.
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@petermello55 Other than how does one store money for future expenses that is very liquid?
If stored at home or elsewhere, it could be stolen. And currently, if stored in a bank (other than supposedly backed by FDIC, which might have some of it's own financial issues), money stored in a bank is not really fully 100% guaranteed as being a safe storage area either.
And then also, having a checking account (via utilizing checks and/or debit cards and/or auto payments), which makes it easier to buy things and pay bills, that is also backed by a saving's account in the same bank, gives at least some benefits to keeping money in a bank, including having a saving's account (even though the interest paid by a bank does not keep up with inflation). But, what is a person to do otherwise?
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