Only a small percentage of Americans maintain $1,000,000 strictly in cash or liquid bank deposits like checking and savings accounts. Federal Deposit Insurance Corporation and Federal Reserve wealth data suggest that less than 2 to 3 percent of the population holds millionaire-level balances purely in liquid bank accounts. Most affluent individuals diversify their wealth across equities, real estate, mutual funds, and retirement portfolios rather than letting massive sums sit idle in traditional low-yield bank deposits.