I went to Chase (my secondary bank with minimum deposit to not incur charges) and the conversatiion eventually went towards my primary bank. I mentioned to the banker that I have my savings in Ally Bank. He tried to scare me saying what if they go out of business. I responded I'm anyway protected by FDIC upto 250,000. He then countered that saying that it could even take years to get the money. Realistically; Do I need to be worried about my savings sitting in Ally considering it's almost 100 year old financial institution.
Submitted April 20, 2018 at 12:12AM by trvj https://ift.tt/2Heh3ZB
