> "Why doesn't the government provide banking services with unlimited insurance?" They do, kind of: it's TreasuryDirect.gov. It's only accessible through a hor

> "Why doesn't the government provide banking services with unlimited insurance?" They do, kind of: it's TreasuryDirect.gov. It's only accessible through a horrible web interface straight out of 1999, but it's the real thing. TreasuryDirect lets you buy, hold, and sell Treasury bills, Treasury bonds, I Bonds, EE savings bonds, and other securities. Yes, you can also buy some of these, but not all, through your regular brokerage (Fidelity, Schwab, etc.), but here you can buy them all and titled in your own name -- or you plus a second person, or you POD to a third person, etc. And you can buy in smaller denominations if you want, not just big lots. You can also open up linked accounts for your minor children and hold some of those securities and savings bonds in their own names. And like UTMA accounts, the property becomes theirs to manage when they turn eighteen. And -- important in the context of the current SVB situation -- you can open a TreasuryDirect account for your company, including S Corps, C Corps, and even single-member LLCs. And the interest you earn on all of these securities they sell is completely state tax free. You usually don't even get a 1099-DIV or 1099-INT from them unless you had a sale in the year, which you may not if you were holding long-term I Bonds, etc. (You might get one if you had an interest payment on a marketable security like a T-bill, though.) Note that securities at TreasuryDirect do not have FDIC insurance nor SIPC insurance, because you're buying directly from the US government itself. But note that if they ever failed to honor their (our) own Treasury bills, repudiating our own debt, we would all have much, much bigger problems on our hands.