Where do millionaires keep their money?

Online Answer
Most of these carry risk, but they are diversified. They also can afford advisers to help them manage and protect their assets. Rich people use "depositor" banks the same way the rest of us use banks.
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These ten checking accounts are designed with the wealthy in mind and are intended for banking clients who desire convenient access to cash with premium benefits.
  • Bank of America Private Bank. ...
  • Citigold Private Client. ...
  • Union Bank Private Advantage Checking Account. ...
  • HSBC Premier Checking. ...
  • Morgan Stanley Active Assets Account.
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The Banking Crisis of the Great Depression Between 1930 and 1933, about 9,000 banks failed—4,000 in 1933 alone. By March 4, 1933, the banks in every state were either temporarily closed or operating under restrictions. ... Roosevelt declared a nationwide banking holiday that temporarily closed all banks in the nation..