I'm just curious, do you stay within the government-insured limit of deposit?
I do, but more so because I don't have enough in any of my bank accounts to exceed their threshold. I however wouldn't really pay too much attention to that because when you make the rules, you can break them too, which we have seen happen in various countries already.
Never seen the government not pay the insurance in my country since there haven't really been a lot of bank to collapse but you do have the right approach. Have to be cautious with these. Especially if it's a large bank, the gov't can simply say they can't afford to pay all the depositors in one go.