A bank account provides protection for your money. If you keep your money at home and it gets stolen, you are unlikely to get it back. But if you keep your money in a bank, firstly it is unlikely it will be stolen and, in the U.S., the Federal Deposit Insurance Corporation (FDIC) insures your money up to $100,000 in each account.
Could You Be Getting More from Your Savings Account?
5 Minute Quiz 5 Min