[brianleb]

>> I had some $115k at the time in it.

I'm sorry, but you are an order of magnitude out of touch with the average American consumer. Average savings balance under the age of 64 is below $73k.[1] Median savings is below $9k. Most people will, outside of their retirement savings, never have access to an account that has over $100,000 in it.

Never.

Not one day in their life.

Median household income is $80k/yr.[2] Personal savings rate is under 5%.[3] As is noted in the title of the article, there are two Americas.

[1] https://www.experian.com/blogs/ask-experian/average-savings-... [2] https://www.census.gov/library/publications/2024/demo/p60-28... [3] https://www.bea.gov/data/income-saving/personal-saving-rate

[stetrain]

That's true but I'm not sure how it's relevant.

Most people asking their bank to withdraw $50k+ in cash are by definition going to have above-average assets.

[danso]

Yes, generally the only people who would be able to withdraw $50k from a savings account are people who are well-off enough to have $50k in a non-retirement savings account. Doesn't it follow, then, that such a person would be seen by the bank as a "well-off customer" and thus enjoy higher withdrawal thresholds?

[ZeWaka]

I don't think the OP ever purported to be doing something the 'average American consumer' would be doing, just relating their experiences to the linked article.

[ty6853]

They don't have access to an account with 100k in it because that would generally be pointless for a normal person. A great deal of people have 100k in clear real estate or stocks. Only a moron leaves 100k sitting doing nothing but wait for it to get inflated to oblivion.

[renewiltord]

Haha, a bit snide but not inaccurate. Over the year I had that money in there gaining nothing, I lost thousands of dollars of value. Even just putting it into a HYSA would have been better.