BeBopaSaurus
Do the next right thing
- Joined
- Mar 19, 2021
- Messages
- 138
Let's not go overboard with the panic. Does everyone realize that there are, on average, 24 bank failures every year. Yet, most of them we don't even hear about. Stay calm and don't be sucked in.
FDIC insurance protects all customers up to $250,000. So the only people who need panic are those with deposits of over $250,000 in one institution. If you have a million laying around, just make sure you have the money in 4 different FDIC insured banks.Let's not go overboard with the panic. Does everyone realize that there are, on average, 24 bank failures every year. Yet, most of them we don't even hear about. Stay calm and don't be sucked in.
It’s a meme.Let's not go overboard with the panic. Does everyone realize that there are, on average, 24 bank failures every year. Yet, most of them we don't even hear about. Stay calm and don't be sucked in.