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/biz/ - Business & Finance

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54054674 No.54054674 [Reply] [Original]

I bank with a credit union and I have 380k with them from selling a house a while ago. Am I going to be able to get some money on Monday?

>> No.54054710

>>54054674
Never hold more than 250k in a bank if you trust the FDIC.

If you don't trust them (I don't) hold crypto and just maintain a small balance checking account for small expenses/bills, filling it as needed. This is too hard for 99.9% of people apparently.

>> No.54054739

>>54054710
is morgan stanley safe?
i have 170k in a savings account with them
along with 440k in a brokerage account

>> No.54054743

Friendly reminder that credit unions are not insured by the FDIC

>> No.54054742

>>54054710
Anon the money hit my account less than 2 weeks ago. Again, it was from selling a house so it’s not like I could take cash for it

>> No.54054779

>>54054674
Would think you'd be fine. On Monday look for a second bank to open an account at. Diversify banks like you would diversify a stock portfolio.

>> No.54054795

>>54054779
Or buy alot of crypto and self custody it.

>> No.54054819

>>54054743
NCAU

>> No.54054826

>>54054674
Credit unions aren't FDIC insured, they have different insurance. At any rate, I'm pretty sure credit unions don't have exposure to any of this shit that's going on with silvergate.

>> No.54054838

>>54054739
Morgan Stanley is fine

>> No.54054850

>>54054819
Even worse!!!

>> No.54054851

>>54054838
t. jim cramer

>> No.54054875

>credit union
Yes, you're fine. They typically aren't anywhere near as Jewish as banks are.

>> No.54054893

>>54054674
split that shit in two, asap.
with the other being (pref.) any 'top tier' bank.

>> No.54054908
File: 39 KB, 1456x1483, 1678065762551945.png [View same] [iqdb] [saucenao] [google]
54054908

>>54054819
oops, I meant NCUA. It's also 250k limit.
But if US gov't runs out of money like it did in 2020 then I guess they'll just print more? ..damn crazy right wing conspiracy theorists

>> No.54054913

>>54054739
MS is great. Are you getting the free Amex Plat? Killer benefit.

>> No.54054923

>>54054826
credit unions tend to make smaller loans to smaller clients. think mortgages, car loans, small to medium business loans. they can definitely be fucked, but they wouldn't be near the first domino to fall.

>> No.54054929

>>54054710
I trust the FDIC with my deposits solely because in a world where they fail my fiat is going to zero anyways and I lack the capital to buy anything meaningful besides my $100k in crypto

>> No.54054941

>>54054913
no, not familiar with that. just have an amex blue preferred, but a plat card might be me more pussy.

>> No.54054997

>>54054913
not sure if i can get it, since the brokerage account is via etrade

>> No.54055066

>>54054779
>>54054826
Alright thanks. I like the discover and capital one savings rates. Are there any larger banks that offer meaningful saving rates of 3% or higher? I’m also okay with 6-9 month CDs if they offer above 3%, as I don’t intend on buying another house until we are fully into a recession

>> No.54055080
File: 108 KB, 306x272, Screen Shot 2023-03-12 at 12.57.38 AM.png [View same] [iqdb] [saucenao] [google]
54055080

>>54054674
i dont know but i hope you lose everything
>why?
because i would find such a thing humorous

>> No.54055134

>>54054739
LOL BANKRUN STARTS MONDAY MORNING RETARD YOU WONT DO SHIT PUSSY ASS BITCH

>> No.54055169

>>54055066
Goldman Sachs Marcus offers 3.75% (or 4.75% for 3 months per referral)

>> No.54055226
File: 72 KB, 568x599, covid mm yes delicious.jpg [View same] [iqdb] [saucenao] [google]
54055226

>>54054674
just buy $130k worth of gift cards with your debit card real quick

>> No.54055253

>>54054997
>>54054941
No, won't work. If you have CashPlus, the move was to open an Access Investing account. Park $5k in there and Amex annual fee was waived. Applications are closed now so now you'd need to get a brokerage account directly with them.

>> No.54055319

>>54054923
yeah, it takes a lot to kill a credit union if it's run competently. They're closer to "old school" community banks than the insane investment firm monstrosities we call banks today.

>> No.54055339

>>54054739
>i have 170k in a savings account
why

>> No.54055387

>>54054674
Is that a BECU machine? Anyway, as advised you should relax.

>> No.54055456

>>54055387
Yes

>> No.54055531

>>54055066
>>54055066
current CD's on Fidelity and Vanguard are showing 5% for 3mo and 5.3% for 12mo. and continue to go up as we speak. That is what I plan on doing but I am frankly scared that the CD is going to get caught up in solvency issues. Same position as you, waiting to buy another house, so I don't want to do anything wild with this 200k

>> No.54055579
File: 3.42 MB, 3024x4032, guhjaghojhag.jpg [View same] [iqdb] [saucenao] [google]
54055579

>>54055456
I took this picture a couple hours ago and you copied it from the thread I posted it in. I can prove it by taking another of the exact same atm from a slightly different angle and have it posted here in 15 minutes. I wasn't gonna call it out because I thought you just wanted advice and needed a pic. Your larp game is weak son.

>> No.54055633

>>54054674
Kek they’re already stopping people from withdrawing cash

>> No.54055741

>>54055579
Anon maybe you should check the file size of your photo and mine

>> No.54055807
File: 3.51 MB, 3024x3164, goy.jpg [View same] [iqdb] [saucenao] [google]
54055807

>>54055741
Maybe you should check the paint finish pattern of this second picture I took from a different angle and match it to my original picture. I have more. I cropped this one, so if I'm lying, show us your original of this one without the crop. Or any other. You can't cause you're a faggot larper.

>> No.54055833

>>54055134
This. It’s actually happening.

>> No.54055942

>>54055807
Are you mentally unwell anon? BECU is a large regional bank. And no, I’m not leaving my house this late just to not get cash (again) to satisfy your unhinged ass. Bigger waste of time than posting on /biz/

>> No.54055983
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54055983

>>54055942
you don't need to leave the house to show less crop on a photo on your phone, you limp pinecone. Check the crop.
>verification not required

>> No.54055992

>>54055579
>>54055807
doing God's work

>> No.54056082

>>54055983
OP eviscerated and in shambles

>> No.54056135

>>54054674
You can't take out more than $700 a day from their ATMs anyways, trust me, I've tried.

I wonder if the ATM's just out of money because of panicking retards.

>> No.54056157

>>54054739
It's a fortress

>> No.54057547

>>54054739
>i have 170k in a savings account with them

You HAD 170k in a savings account with them

>> No.54057585

>>54054710
>>54054674
Buy a safe box, put 20kg of metal in it and chain it to 30 kg of concrete or metal

>> No.54057612

>>54054674
Try a different ATM before you panic.

>> No.54058928

>>54054674
it's times like these that i'm glad to be a poorfag living almost paycheck to paycheck

>> No.54058955

>>54056135
>panicking retards
That’s my guess

>> No.54059010

>>54058928
same we have nothing to lose

>> No.54059028

>>54054674
you can't pay with a debit or credit card my retard?

>> No.54059043
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54059043

I CAN'T WITHDRAW

>> No.54059095

there is not enough cash in the system for everybody to withdraw, it's known and it's ok. you don't need cash to pay for things

>> No.54059107

>>54054674
https://www.youtube.com/watch?v=Vmn9asN-8AE

>> No.54059128

>>54054674

ATMs run out of cash all the time. Why are you retards pushing this FUD?

>> No.54059142
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54059142

You know what you need to do anon. Don't be a victim. Ol' Jim.
https://youtu.be/YvUbbYX9BMs

>> No.54059144

if you retards aren't dumping your savings into crypto RIGHT FUCKING NOW, you can say bye bye to your money tomorrow

>> No.54059146

>>54059128
retards think the balance in their bank account will disappear

>> No.54059423

>>54059146
No but your bank failing is a pain in the ass. Debt card won't work, can't access funds until FDIC figures shit out, if yiur direct deposit is sent there and you live paycheck to paycheck like a lot of wagies do and the bank refusing to give up their funds can cause long term damage to wagies around the country.

Finally the possibility of a bail in and a
"Thanks for Playing funds were not Safu."

>> No.54060959

>>54055066
There are banks which offer high interest savings accounts. Some are online only (like Ally) others are traditional banks. Better than a CD because you can access your money whenever you want. Rates are around 4% now.

>> No.54060991

>>54058928
>>54059010
except we’re the ones who will be out on the street starving when the recession/depression hits

>> No.54061053

>>54054739
Bigger banks can go bust too. Right now its regionallys taking the hit. Could spiral out and hit other banks. Especially if fed keeps raising.

>> No.54061067

>>54054739
No bank is safe tomorrow. The run on the banks has begun. There is no stopping this.

>> No.54061138

>>54054710
Credit Unions aren't insured by FDIC. They are insured by NCUA. Which is to say, not at all.
>>54054674
OP, ATMs are often out of cash on Sunday. Go into the physical branch Monday and take as much as they let you.

>> No.54061186

>>54054674
Banks won't give out money for a bit due to what has happened.

But the US treasury said they didn't want to bailout banks, but instead wanted to secure the money of the people who had money in the banks, or at least the corporations that did.

You might or might not be fucked in the ass, but also it was probably the best time to sell a house since it's a bubble that could pop depending on the domino effect, since some of the corperations funded by thatone bank was in the housing market.

>> No.54061202

>>54054929
In that world, your 100k in crypto would be mils in the end

>> No.54061285

>>54061202
In that world a weapon + one bullet is worth more than anything else you have

>> No.54061429

>>54061138
But they also don’t gamble away creditors deposits making them way less volatile

>> No.54062225

>>54059144
Ok what is a good method to do this. Most normies just hold crypto on crypto banks which defeats the purpose.

>> No.54063495

>>54061429
A bank run is a bank run. If all the members want cash out, they are fucked.

>> No.54063509

>>54054739
You get that fucking money out of their anon

>> No.54063589

>>54059043
LMFAOOO

>> No.54063633

Take it out. Take it all out.