summer2007
Recycles dryer sheets
- Joined
- Jul 14, 2007
- Messages
- 346
I have some local banks that offer CD's that have a decent rate and they are FDIC insured but I don't have a lot of faith in these banks.
What I'm curious about is if anyone actually bought a CD and had the bank of whoever issued it fail for whatever reason. Then had to rely on the FDIC insurance how that it worked out as far as if you actually recovered your money and if so how much of if and how long that it took?
Thanks
Jim
What I'm curious about is if anyone actually bought a CD and had the bank of whoever issued it fail for whatever reason. Then had to rely on the FDIC insurance how that it worked out as far as if you actually recovered your money and if so how much of if and how long that it took?
Thanks
Jim