Easy. Don't keep it all in one place.
Also, don't you care about interest or capital gains?
The interest rate on savings is under 3%. It's like paying that amount on an insurance policy to guarantee that your money isn't stolen by the bank or through the bank's negligence. And considering how banks behave these days, that's not a crazy investment.
It's shocking how many people make this error. Walter White buries millions of dollars in only one spot in Breaking Bad. People make only one copy of their cryptocurrency wallet seed. People have only 1 bank account. Etc.
It’s a pretty sweet deal so I’m wondering if there isn’t anything like that in the US. With SV I’d be very surprised if the U.K. is pioneering this
Retail banking is pretty heavily regulated in the US so maybe that's the issue? I've seen a lot of startups in other banking areas, like Mint or Square, but none for checking/savings accounts.
More here: https://www.moneycrashers.com/best-free-checking-accounts/