What Matters Concerning Your Money in the Bank

With the recent turmoil in the banking sector, it’s understandable to worry about your bank savings. But before worrying, it’s important to know how your money in the bank is protected. So, how safe is your money, really? Where is my money? First, let’s talk about how your bank actually stores your money. When you deposit your money into the bank, they don’t actually keep it on hand. They will usually take your money and loan it to someone for something like mortgages or business loans. Banks are required to keep some money on hand, but not much. Most […]