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Originally Posted by km4hr
I wish I knew more about CD's. I've done very little CD investing myself. When you put money into CD's that you see online and at bankrate.com do you actually send money to all the various vendors? Or is there some way to manage the CD's from one account? I'm uncomfortable having large amounts of money scattered all over the place. Especially at places that I've never heard of.
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One possibility is to buy CDs via a broker like Schwab.....you deal w/ one place and you can get CDs from a number of different banks. For the convenience, yields will probably be something like 0.3% less than going outside on your own. For now FDIC coverage is 250K but it might revert back to 100K? so for safety, you might assume coverage is 100K and spread accordingly. Another option would be to have POD (beneficiary) accounts
where coverage increases........you'd have to worry about whether that would be in accordance w/ her inheritance wishes so might not be a good choice if not handled correctly.
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