Where is the safest place to keep a large sum of money?

You can split bigger amounts between a number of banks. Find the best deals — either instant access (paying up to 1.5 per cent) or one year bonds (around 2 per cent) — from savingschampion.co.uk. But for much larger sums there’s only one place that is safe: National Savings & Investments.

What is the most secure bank in Australia?

ANZ Group
According to a survey conducted by Global Finance, the safest bank in Australasia in 2019 was ANZ Group.

Should I invest 500K into a savings account?

I would like to invest 500K into a savings account of some kind. Thats not investing. That is placing 500k into a savings account. If you are aged over 65 or its long term then its a fairly weak option. Short term is fine though. I am an Independent Financial Adviser (IFA).

What happens if I deposit 10000 dollars in my bank account?

The reality is: A cash deposit of $10,000 will typically go without incident. If it’s at your bank walk-in branch, your teller banking representative will verify your account information and ask for identification. You’ll fill out a deposit slip as usual, and the money is deposited into your account.

Is it worth having a savings account with 35k?

For that amount of money a savings account will probably not be the best option as inflation is likely to eat away at your capital. There is also the problem of any compensation being limited to £35k. Why do you want to save as opposed to invest?

Can you deposit more than $10k in cash into a Chase account?

In the case of Chase Bank, for example, you can’t make cash deposits into someone else’s account anymore — the bank’s customary way of reducing illegal activity. The only time you should worry about depositing more than $10,000 in cash is not in how much you deposit — but how you deposit it.