Some Opting for Shoeboxes Over Banks

What with all the bank mergers and closing, some people are pretty freaked and are cashing out their accounts. Or, as the Post puts it, "they're depositing their cash into Shoebox Bank and Trust." And there's even a picture of a guy with a shoebox full of cash: Richard Cruz did consider putting the money in his mattress but said it was "too last century...No one hides their money under a mattress any more. That's the first place people would look." Beside shoeboxes, safes are being more popular.

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By Jen Chung in News on October 9, 2008 3:48 PM

Comments [rss]

berniegoetz

Next up: money mules. What better place to stash your money than inside of condoms snaking through the large intestine?

moonbeam

That's what I was thinking, too, glob. That guy could just put his money in his wallet and be done with it.

Kojak

Just stuff your money in a High Yield Money Market account and wait. Most MMA's are FDIC insured

glob

That guy doesn't need a shoebox, he could easily fit his life savings in his pocket, or a fanny pack, or a hundred dollar bill.

RatherBeBiking

Safes are becoming more popular?

JenChungsBaby

That's just stupid. Even my Chase savings account pays 1 percent these days. These people probably line their walls with aluminum foil too and are still eating the rations they stocked up before 1/1/00.