This year’s market turmoil has sent
nervous investors rushing to cash. But protecting your money isn’t as simple as parking it in a mattress.
Despite recent strains in the banking sector, a bank account remains the simplest place to store cash. Balances up to $250,000 are protected by the Federal Deposit Insurance Corp., or FDIC, at any U.S. bank.
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Source: https://www.wsj.com/articles/invest-money-banking-crisis-c9d1c572?siteid=yhoof2&yptr=yahoo