Do you think it is okay to put less than $100K in a 1 year CD at a bank that is not in the best of conditions? - great cd rates
Washington Mutual CD Rates really super 1 years of 5% for 1 year. But I think they will try to get an influx of capital to help restore stability in the fundamental problems of the mortgage. They were beaten and Standard & Poor's has them in a "negative" rating.
My money is FDIC, are not you? But I do not want to do something stupid.
Any opinions?
Friday, January 8, 2010
Great Cd Rates Do You Think It Is Okay To Put Less Than $100K In A 1 Year CD At A Bank That Is Not In The Best Of Conditions?
5 comments:
Consumers are protected up to $ 100K, and in relation to the beneficiaries, etc., can sometimes be covered by more than.
I have the link to the FDIC, you get information there.
By late afternoon, you should put your money where you feel comfortable, but we know that the FDIC provides coverage up to $ 100K in the CD (and maybe more). Use the calculator to see on this website, which the FDIC is to be ensured.
We also know that most representatives of the Bank are very knowledgeable about FDIC coverage and can answer all your questions.
Find your CD. You must be mistaken. WaMu is the only offer of 5% on the 5-year CD.
They offer a 5% CD in 4 years when more than $ 100,000.
One year CD paying 1.5%.
Not invest in anything that is not what you mean. Some local banks, there are CD's and error that you can cash in one year. They do not say clearly, you have 6 months interest if you can lose the sale of the CD early.
In addition, investing approximately 1 year CD automatically again. This is a new form of banks make money. You need a letter stating that you want to invest at least 30 days before the date of the resumption of investment. Some banks have 10 days. If you have not received this letter, the CD will be extended for another year. And guess what, you lose 6 to 9 months worth of interest on sale.
Buyer beware. What the conditions. Banks are in all times, but always buy another bank. CD's are super strong.
That's not good to put your money in a bank right now. They are all anxious to show money for people who stable.and more protection to the FDIC, only to find goes up, you can read before they decide
CDs are insured by FDIC. That should go. Most banks are in trouble now, I think WaMu will go in the long term. If you have any doubts, ask him directly. I say, their concerns and get your answer.
CDs are insured by FDIC. That should go. Most banks are in trouble now, I think WaMu will go in the long term. If you have any doubts, ask him directly. I say, their concerns and get your answer.
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