Asked in Banking, Business Formation and Business Law

Q: I'm investing in High-yield savings accounts would the bank repay my capital if it get damaged by any reason?

Hey there!

I'm someone who is going to invest for first time in a bank

I'm gonna try my luck with the High-yield savings accounts

And I'm worried about my money! I wanted to know would bank repay me if my capital got damaged for any reason?and which bank is recommended?what type of investment is recommended

Thanks and best regards

1 Lawyer Answer
Bruce Alexander Minnick
Bruce Alexander Minnick
Answered
  • Business Law Lawyer
  • Tallahassee, FL

A: This is not a legal question. You will need to seek personal advice from family or friends who already have their money on deposit at some banks.

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