The 100k insurance limit is a bummer. Wish I had that problem. I like to enjoy my money while I’m alive so I’m not a huge saver. LOL
I’ve always had several bank accounts at different banks and investments just incase something goes wrong with one of them.
If you have 90k in a bank that ‘goes under’ or have a problem then I’m sure the funds will be tied up for some amount of time so if that is all you have and it’s at one bank it could cause problems.
I’m surprised that the Swiss bank situation didn’t occur sooner than now and it will be interesting to see how this all work out down the road.