The thing is that it's not exactly supposed to be a risk-free endeavor either. No method of storing money is risk-free (particularly not free methods of storin

The thing is that it's not exactly supposed to be a risk-free endeavor either. No method of storing money is risk-free (particularly not free methods of storing money). There is some tail risk to any use of a bank over the FDIC limit, and everyone who parks a lot of money knows it. It would be reasonable to assume that "Silicon Valley Bank" would be overexposed to market fluctuations in Silicon Valley, just as Silvergate was overexposed to crypto. Big SVB depositors probably won't lose a lot of their money anyway, but they may lose access to it for some time, which is a big deal for a short-term deposit account.