Gearhead Jim
Full time employment: Posting here.
We have several CD's, which I like to keep distributed among a mix of banks and credit unions even though we are under the FDIC/NCUA limits.
Generically, is there any safety difference between a bank and a CU, presuming the financial strength data is similar for both?
If things got really bad in the future, any difference between the safety offered by FDIC and NCUA?
Penfed usually offers nice rates during January, is that typical of many institutions or is it random? If a particular month is better, it would be nice to renew/transfer the CD's during that month.
Thanks!
Generically, is there any safety difference between a bank and a CU, presuming the financial strength data is similar for both?
If things got really bad in the future, any difference between the safety offered by FDIC and NCUA?
Penfed usually offers nice rates during January, is that typical of many institutions or is it random? If a particular month is better, it would be nice to renew/transfer the CD's during that month.
Thanks!