CD Account

[Spine Specialist]

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Guys,
How safe are these CD accounts in banks like Chase and Bank of America? These CDs are FDIC insured. Do you guys think nothing can happen to these investments in any financial crisis? Are there any risks?

 

[mgdsh]

Pretty safe, especially with all the measures the government is taking...

Generally the safer the bank and the less desperate they are for your deposits, the lower the yield you'll get.

 

[radslooking]

If worried, don't put more than $100,000 less the expected interest at maturity in any one bank.

you don't trust the new 250,000 limits? 😀

 

[dragonfly99]

CD's in a decent bank should be very low risk.
I'm not worried about them...
agree w/keeping 100k per bank.
Heck, if you HAVE 100k, I don't think you have much to worry about...financially I mean....