I am moving out of Postfinance, where I have 170k cash + 35k third pillar (I am investing a lot after years of not doing it, so that amount will never be higher, in fact it will go lower)
Most banks only protect your money up to 100k. Therefore I am considering splitting:
- third pillar with VIAC
- Primary: 100k with Migros Bank.
- Secondary: 70k with Neon: I like the free account and free payments abroad. I don’t like that I can’t send money to IB.
- Credit card remains with Cumulus (I shop in Migros mainly)
**Am I right that by having 2 accounts I will be protected up to 200k? Do you see any flaw on this plan? **
Thanks a lot in advance!