There are banks that do offer the 1:1 ratio you want; they charge you a quite hefty fee to do this.
But from time immemorial banks work by taking money from you (short term) and selling it to someone else (long term). Originally the banks were "protected" by being able to claw back the long term at anytime; but that caused even worse problems.
FDIC provides a way for "common people" to be protected from this; the other option would involve something like the USPS offering cash-only banking for people.
But from time immemorial banks work by taking money from you (short term) and selling it to someone else (long term). Originally the banks were "protected" by being able to claw back the long term at anytime; but that caused even worse problems.
FDIC provides a way for "common people" to be protected from this; the other option would involve something like the USPS offering cash-only banking for people.