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No, really.
Where is the best place to store your money?
Wanting to keep yourmoneysafe is fine.
But hoarding it in the wrong places could do more harm than good.
For one, your insurance policy may not provide coverage for cash or even crypto.
Even if it does cover valuables, there may be policy limits.
Dont forget the opportunity costs for cash.
Youre not going to earn any interest and even worse, the cash loses value due to inflation.
So where are the best and worst places tostore your cash, valuables or crypto?
Your best bet is to store it at a bank or credit union.
Most of these financial institutions are FDIC- or NCUA-insured.
A high-yield savings account offers a higher rate for your cash, and so do money market accounts.
Many banks and credit unions offer slightly higher interest rates depending on the term you agree to.
You will need to keep the cash for the agreed upon term or you could pay a penalty.
Consider storing these valuables in a fireproof safe.
Otherwise, you could pay for a safe deposit box at your local bank.
Instead,consider using a reputable crypto exchangeor devices made to store crypto.
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