What You Need to Know About CDs

[Dover]

With bank certificates of deposit, you're sure to get your money back with interest -- if you take a few precautions.
Read on ....

http://www.kiplinger.com/magazine/archives/2009/06/what-you-need-to-know-about-cds.html



More about CDARS
http://www.cdars.com/



FDIC Info

Insurance Limit Amounts
On May 20, 2009, President Barack Obama signed the Helping Families Save Their Homes Act, extending the temporary increase in the standard maximum deposit insurance amount to $250,000 per depositor through December 31, 2013.

Certain retirement accounts, such as Individual Retirement Accounts, will remain insured up to $250,000 per depositor per insured bank after December 31, 2013.

The extension of the increase in the FDIC deposit insurance limit to $250,000 announced on May 20, 2009 does not apply to the FDIC Transaction Account Guarantee Program. The FDIC Transaction Account Guarantee Program provides full deposit insurance coverage for all funds in non-interest-bearing transaction deposit accounts for participating institutions through June 30, 2010. This insurance coverage is over and above the $250,000 in coverage currently provided by the FDIC. Learn more about the FDIC Transaction Account Guarantee Program.

http://www.tdbank.com/bank/fdic_insurance.html

[hobbit709]

1. First you have to have enough money laying around to buy one.

[peace frog]

2. Picky, picky

What, you don't have a personal fortune to invest?
What are you, some kinda pinko commie soshulist welfare queen deadbeat or sumpthin'.

;-)

[hobbit709]

3. Never been on welfare

unless you count my VA medical bennies-which cost me 3 years, 6 months, 22 days, 7 hours and 43 minutes of my life.

But I may be a or sumpthin'