I have worked
at several different banks in the past, and I have experience handling large quantities of money and confidential information.
If you're lucky enough to have more than this, it's best to spread savings across
several different banks in case one gets into difficulty.
Different banking institutions offer different interest rates and perks for different types of savings accounts, so taking the time to look at the features and benefits
of several different bank accounts can help you choose the best place to store your money.
Check your bank's fee schedule You should obtain a copy
of several different banks» fee schedules when looking to apply for any type of checking account, including free checking.
A foolish way of diversifying is to deposit your money in
several different banks.