Worried in FL
Dryer sheet wannabe
- Joined
- May 21, 2006
- Messages
- 19
Should I be worried that I have a large CD with them? The news on them is scaring me.
Worried in FL
Worried in FL
Should I be worried that I have a large CD with them? The news on them is scaring me.
Thanks Rich and Martha! It is under 100,000. so I guess I shouldn't worry.
Well not to worry you, but do not forget that the fine print on the FDIC coverage, gives them 99 years to pay you back.
As I understand it, the FDIC insures principal and interest up to 100K, so you would actually need to invest less than 100K to recover the interest as well.