With a personal deposit of more than 500,000, how can I save more safely?
01 More money in a personal account means greater security. If you're worried about saving more than $500,000, here are some pieces of advice:
1.Dispersed: Keep cash in multiple banks, reducing the likelihood of theft and loss. Since you open accounts with multiple banks and deposit money into separate accounts, we call this "decentralized incubation". Even if one bank encounters an irresistible situation, others can maintain their independence and stability.
2.Open multiple accounts: Fixed amounts of money can be moved frequently across multiple accounts, reducing the risk of bank accounts and preventing theft or loss caused by a single large deposit.
3.Buy bank financial management: buy a bank's financial wealth management or a safe financial product, this kind of product can ensure that your capital exceeds 500,000. Choosing a reliable financial institution can increase the security of your savings.
4.Take out relevant insurance: Sometimes, an individual's bank savings are not protected. If you have such concerns, then go for an insurance policy. For example, in order to protect consumers' property, some insurers also introduce savings loss insurance.
In general, if a person's savings are more than 500,000, they can consider decentralized storage, open multiple accounts, or buy bank wealth management or insurance. The most important thing is to choose a reputable and reputable bank or company, evaluate the risk of savings, and pay attention to maintaining the security of your account in your daily business activities.