Did you know that during the 2008 financial crisis – when over 400 banks failed and 900 more were struggling – the top 5 banks in America were asked where they keep their Tier 1 assets.
They disclosed this: in multitrillion-dollar insurance companies.
While paying their customers only 1% interest on deposits, these banks were earning a staggering 5% or more on the same money, secured within these robust financial institutions.
This smart maneuver by banks underscores a powerful lesson on where you can safely grow your money.
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