Re:Entire German bond yield curve back in sub-zero territory
by throw0101a on Tuesday August 03, 2021 @10:50AM
(#28049877)
> It's still wise to at least consider the possibility of a bank failure, qv Northern Rock.
Most industrialized countries have insurance of bank deposits up to a certain point. So even if the bank goes poof your savings are still safe.
It would simply be prudent to have money in more than one bank (or credit union), as if something bad happens then things may get chaotic in the short term.
Most industrialized countries have insurance of bank deposits up to a certain point. So even if the bank goes poof your savings are still safe.
It would simply be prudent to have money in more than one bank (or credit union), as if something bad happens then things may get chaotic in the short term.
A second account also helps with IT problems:
* https://en.wikipedia.org/wiki/2012_RBS_Group_computer_system...
* https://www.theguardian.com/business/2019/aug/27/natwest-and...