I recently started shifting cash to CD ladders (at Fidelity).
The cautions state to review the health of the issuing institution(s).
I slow down when offered choices from places like "Bank of China" or some name I can't even pronounce or spell, much less heard of before (bankrate never heard of them either).
Do you research the health of the institution before buying a CD from them?
If so, where do you find health ratings on the institution?
Or do you just go with "there is an "FDIC" icon in the the attributes column" and buy it?
The cautions state to review the health of the issuing institution(s).
I slow down when offered choices from places like "Bank of China" or some name I can't even pronounce or spell, much less heard of before (bankrate never heard of them either).
Do you research the health of the institution before buying a CD from them?
If so, where do you find health ratings on the institution?
Or do you just go with "there is an "FDIC" icon in the the attributes column" and buy it?