
Amusing anecdotes abound about people stuffing money into mattresses or placing it in other hiding places rather than trust it to a bank or building society. But, does this method of saving really offer more security that putting the money away securely?Surely, the benefits of having a current account outweigh the disadvantages, and stuffing cash in a mattress seems fraught with danger. For a start it almost certainly won't be covered by insurance meaning that if the house burns down the cash will literally go up in smoke. However, if your local bank or building society has the misfortune of succumbing to a blaze any depositors' cash will be safely reimbursed.But, other than the remote risk of losing the lot in a blaze there are many other reasons to deposit the money in a secure place. First there is the sheer inconvenience of carrying large amounts of cash when it is simply not necessary. Most modern current accounts come with a debit card as standard, which offer the convenience of cash but with much more security. These can be used to pay for goods up to the value of your bank balance, and are accepted in most retail outlets in
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