I run a small business. Wells Fargo called me this week to try to entice me to bring more money into savings. They’re offering 4.5% interest on savings balances over $100k. 

I said to the banker “so Wells Fargo is getting its ass kicked on tits bond portfolio and is now begging for deposits to help maintain liquidity?”  His answer was “pretty much”. 

Watch your back out there. Pay attention to where you have counterparty risk. A deposit at the bank is not your money. It’s the banks money.