Oh no my hard drive failed/ my computer was hacked/ my house burned down. Now my entire life savings is physically inaccessible. These things happen every day.

Oh no my hard drive failed/ my computer was hacked/ my house burned down. Now my entire life savings is physically inaccessible. These things happen every day. I will happily pay a sub .1% fee for a centeralized bank account that's protected by regulations and federally insured.