Should I take my money out of the bank?

Question

Maybe half or all,or what?

Answer 1

i think that would be a great idea, keep it in a sock under you bed.

Answer 2

If you are speaking in regards to some banks closing, I would recommend transferring you money to a national bank if you are at a small local bank. If you are speaking in regards to spending it, I would say save it its going to be some tough times we are going to be facing.

Answer 3

The FDIC insures up to $100,000, so if you have under $100,000 in the bank it is safe.  

If you have more, remove the extra and deposit into a different bank.

Answer 4

Only if you have more than the $100,00 limit on an FDIC insured account.  If you do have more than that, move any money in excess of that to another bank so that if one fails you still will have immediate access to some cash.

Answer 5

I was just fixing to ask that question. we are fixing to retire and wander about at least keep enough in checking to pay bills and put the money we take out in a safe. we have it at bank of america, and I have been researching to see how they stand.