How to Choose a Bank: What to Prioritize for Your Emergency Savings

Choosing a bank comes down to three things: liquidity, safety, and low penalties. In this listener-question episode, Ryan answers Hayden's question about what factors matter most when picking where to keep your money, and why chasing the highest interest rate is usually the wrong priority.Emergency savings are not a growth vehicle. They need to be available when you need them, protected by FDIC or NCUA insurance, and free of conditions that lock your money up. Ryan also covers the bank versus credit union decision, why rate promotions are often not what they appear, and how to avoid traps like minimum balance penalties and CDs that reduce your liquidity.Find "Your Fiscal Physical" the book on AmazonIf you have suggestions or feedback, please email us at: [email protected], as always, Stay the Course!