The Exact Amount You Should Keep in a Bank (Any More Is a Mistake)

#finance
#financement

There's an exact amount of money you should keep in the bank. Six months of essentials if you're working. A year if you're retired. Anything above that is costing you.

The Federal Reserve just raised rates for the first time since 2023. Your bank kept the raise. The average savings account in America still pays 0.38%. That's the FDIC's own number.

So if you've got a big pile sitting in savings because it felt like the responsible thing to do... this one's for you. And don't feel bad about it. The Fed's own survey says the average household between 65 and 74 is holding about $100,000 in checking and savings. More than any other age group. It happens to everybody.

In this video I walk through five reasons that pile is quietly losing money, how to size the cash reserve you actually need (six months of essential expenses if you're working, a year if you're retired), where that reserve should sit so it earns ten times what a savings account pays, and how the FDIC's $250,000 coverage limit actually works... including the part where it covers banks and not the apps sitting in front of them.

Then I show you what I do with my own money above that line. Not advice. Just where mine sits.