I’m wondering about Emigrant-Direct...I can’t find it on the listings for ratings. Shoot....I’m just gonna pull out all my money and hide it in the mattress.
Bankrate is a great site:
Protect it against physical destruction, unintentional discarding or theft. Fireproof box in a very discrete place, at a minimum. And, don’t go telling people who know who you are and where you live, that you’re keeping large amounts of cash on hand in your home.
Other than this, many have already done what you’re joking about doing. I have. Just not my entire balance; enough to tide me over, if things ever really do go WTSHTF for six months or so.
It’s prudent, not tinfoil.
Before you go to that extreme, put your money in a short-term US Treasury money market account. Much safer than the mattress, and it actually helps (just a little) by reducing the need for the Feds to issue bonds. If short-term treasuries go bad then we are really in the toilet, and your bits of green paper in the mattress won’t be worth anything.
Emigrant Direct is the online extension of Emigrant Savings Bank in New York.