Quote:
Originally posted by 1973911s
There is some scary names on that list, wonder how many are FDIC insured.
How many would be willing to open a CD over the internet?
Bank of Internet?
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You can check out all the banks through the site. But I'm with ya on the internet bank....I prefer a bricks and mortar bank. However, you CAN check with the FDIC...they'll let you know who they cover...or not. I wouldn't just take a "bank's" word for it.
But, the original post was about CD's, right? Now that we're roaming about, I'll give a hint...anybody can open their own account with the Federal Reserve. Cindy & I just bought a 90 day T bill that yields 2.839%. 180 day T bills are over 3%. Another benefit is, T bill interest is NOT subject to state income taxes. This is an important factor to we who live in high income tax states. Go to:
http://www.publicdebt.treas.gov/sec/sectrdir.htm
for more info.