No one should have more money in the bank than they need to pay bills and fund day to day living It’s a risk in terms of bank solvency etc The banks also think they have the right to dictate when you can withdraw your OWN money and how much etc But more importantly, with the rate of fiat debasement, your guaranteed to lose money in real terms (you’ll lose north of 6% per year) Keep money either in an stocks index fund (preferably through a tax efficient vehicle such as an isa) or preferably if you don’t need to touch the money for a longer time horizon (so you can ride out the volatility), keep it in Bitcoin Keeping cash in a bank is guaranteed to lose money