Is money in the bank safe? Check

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Nowadays, none of us can imagine life without having a bank account. After all, it is not the salary, pension, scholarship, retirement, etc. that comes in. But is your money in the bank safe? The sense of security of funds held in banks is the basis for the efficient functioning of the financial sector. Our funds are currently placed in personal accounts, savings, currency and deposits. Check if they are safe enough for you to sleep peacefully.

We are investing more and more funds in banks
smart bank deposits
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We are depositing more and more money in banks and currently have egypt whatsapp database 600 billion złoty in them. However, this is still a small amount compared to our western neighbors. The average German has 44 thousand euros in savings in the bank and the average Briton has as much as 60 thousand euros in pounds.

The improvement is visible if we look at the percentages . Almost 50% of Poles admit to having savings. Which is a positive aspect and shows that more and more of us understand the need to put aside some of the money we earn.

Are the funds in my bank account safe?
Our funds accumulated in a bank can currently be considered safe. In the event of a bank bankruptcy, most of us will recover the entire amount accumulated in it, i.e. up to approximately PLN 400,000. The payment is guaranteed by the Bank Guarantee Fund (BFG), which in such a scenario returns funds to customers up to the equivalent of EUR 100,000. This guarantee applies to one person and the total amount that they have accumulated in a given bank (in personal, savings, currency and deposit accounts). In the case of a married couple, the guarantees are counted twice. They therefore cover EUR 200,000, i.e. over PLN 800,000 for both.
Funds deposited in banks are much safer than those kept at home , in a so-called "sock". You are not at risk of sudden theft, destruction due to flood or fire. They also do not lose value due to inflation, because the interest rate usually covers it.

The state can help
Large banks in Poland, and those in which the state treasury has shares, will be able to count on government support in the event of a difficult financial situation. Politicians would not allow banks such as PKO BP, BOŚ, ING Bank Śląski or Pekao to go bankrupt too easily. So we can assume that our money in banks operating in Poland is safe. Both in large commercial banks and local cooperative banks; our deposits are guaranteed by the BFG.

How to reduce the risk?
is your money safe in the bank
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Perhaps, despite the guarantee from the Bank Guarantee Fund, you are still afraid of investing large amounts in banks. There is a way to reduce the risk of losing money. Amounts higher than the equivalent of EUR 100,000 can be divided and placed in several banks. So that one bank has a maximum of around PLN 400,000. In this way, you also reduce the overall risk. Because there is less chance that two different banks will go bankrupt at the same time. The choice of banks in Poland is very large. So make sure that the money you have in the bank is safe.

Asset diversification
The low interest rates and interest rates currently offered by banks are not impressive. Although, of course, they protect money from inflation. Savings accounts and deposits are very popular and safe forms of investing financial surpluses. However, there are also other forms of investing funds. Economists suggest anecdotally that "don't keep all your eggs in one basket". Most of your savings can rest in savings accounts or deposits. A smaller part of them can work in other assets. Such as investment funds and other forms of investing money. Remember, however, that accumulating funds in banks operating in Poland is currently the safest form of depositing savings.