Quip: Ask the folks who ran SVB, and lost $billions on "safe" long-term bonds, when interest rates rose.<p>More seriously - banks are convenient, especially for money that you're regularly doing stuff with. Vs. if you have $College_Tuition_for_Kid, and know you won't touch it for (say) 6 years - then buying a 6-years-to-maturity bond can make good sense.<p>But neither bonds not the bond market are simple, learning about and dealing with them takes time, and if things happen that your smart strategy wasn't actually prepared for...