I get more interest in my checking account than my savings account. I’m saving up cash so when the market corrects itself I can buy some nice stocks at discount prices (I’m looking at you MSFT at record highs). I like having access to my money. My investment accounts require something like a 24 hour notice to withdraw funds. I do like the 10.5% interest they’ve been delivering (on paper), but being able to walk into my local bank branch and leave with X in cash in also nice. Though I do wonder what they’d say if I wanted to take out $40k + in cash. Cash — or something close to it — is king again. Enjoying a steady job market but reluctant to spend freely due to economic uncertainty, a wide swath of middle-class Americans are hoarding money in banks. Total bank deposits rose 6.6% last year to $10.7 trillion, extending steady growth seen in recent years, data from the Federal Deposit Insurance Corporation show. Deposits measured as a percentage of bank assets are 77.6% in the first quarter of 2017, the highest since 2006, according to data economic research firm Moebs Services. And Americans love liquidity. They hold about $2 trillion in checking account now, says Mike Moebs, CEO of Moebs Services, which provides research and consultancy services to financial institutions. The average U.S. checking account deposit is about $3,600, climbing from $1,000 in 2007, he says.