Where Do You Put Your Money Now?

well my idea for this is that u must know about the reserves and operation of the bank you want to put your money in. in such a case where all the banks worldwide are shakky as they aint got the debt returned from industries , i actually did the same thing with my accont i transfered it to the one which is rather strong in reserves and strong back up,if u rely on govt sometime in these kind of crisis govt to seems to default as well so risk is risk better you go the safer option of strong backup banks

Hello,Queen! The economy of my country is yet stable.The banks are also stable.So there will be no problem if I save in my bank account.However I don't have that much money in my bank account with which I can do some thing for my future.It is better safe there in the bank.thanx.

I haven't heard of any Canadian ones collapsing recently, so I'm not that worried I do keep a fair amount of money in my wallet though LOL Atleast that way I know what's happening to it. haha I hope things don't go in Canada the way they are going in the USA.

Well, I won't put much money at home, as I think it's really unsafe. I don't have much money in the bank too, as I think the interest for saving accounts is quite low. I usually use my savings to invest in stock market.

I would never, ever, ever tell anybody where I put my money. But it sure as heck is not lying around in a shoebox or under a mattress. Here is the US the banks are government insured, though, so if we had some money in a bank, just for the sake of an example (wink) it would be foolish to take it out just over some scare. But it is also a good idea to have several different accounts at different institutiona in order to have liquid assets if something bad did happen.

i probably won't withdraw my savings. the banks that i use are, i think, pretty stable. the banks here in our country wasn't affected that much with the mortgage related problems abroad. not to mention that the owners of the banks that i use own companies that cater to the national past time of our country - malling =D.

Hello wondericequeen, My little money is still there in the bank The government guarantees that nothing can happened and even if the bank is collapsed, the money is secured. I don't know but I still believe it is better to put it there rather than under my pillow

my saving is currently at metrobank bank..i put my current savings there..but now, its status is lessen to lessen as the days goes by..i have three sisters and they need my help to continue their further education..and i really find difficult to budget this saving of mine...