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Money and Finances
Reply to "Too much money in savings account - where to put it"
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[quote=Anonymous][quote=Anonymous]Yup, the financial reforms after the crash in 2008 upped the $100,000 amount to $250,000. But before that, the answer was: open another account at a different bank. Not rocket science. OP, if you have non-mortgage debt to pay off, it's probably better for you to pay it off now rather than let that money sit earning less than 1% while you pay interest until you decide what to do with it.[/quote] Thanks for that info, I wasn't aware of that. No debt other than a small mortgage, which we could pay off but likely won't. At least not right now.[/quote]
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