why not? if you keep it under $100m/300m with a spouse, what's the problem? do you expect the FDIC to collapse? i just opened a CFC acct because, for my risk-free $, it's the best rate i could find without too much hassle- especially since i no longer view any amount over $100m in WAMU as risk-free...
Countrywide Bank 4.05 APY for 6 mo. https://bank.countrywide.com/ IndyMac Bank 4.05 APY for 12 or 18 months. http://www.indymacbank.com/Individu...47512:5wLXuNB6B2YAACLf9tsAAAAH:20080316002245
how foolish you are. if someone offered you a ride in a car that had bad brakes, would you go? assume he has full liability and medical coverage.
First of all BOA is buying CFC so I have little worry of a failure. Secondly, do you really think the government would delay re-paying depositors for months or years? That would do nothing but create a run on marginal banks. Ain't gonna happen. http://www.bankrate.com/brm/news/DrDon/20060118a1.asp
Trying to grasp floating straws.. These rate will be lower 4 weeks from now when Feds cut rates on March 18, 2008. What are you going to do than keeping chasing rabbits down the hole ? Go buy real estate or invest in stock and equities, those 2 natural choices out there. They have been there for a century. Now you know why Feds keep cutting rates?
1) I think the BAC/CFC deal is 50/50 to be completed. 2) The FDIC would take a few months to get all the money back to account holders. 3) Is it really worth the hassle and headache of possibly dealing with the FDIC for an extra .25%? BTW--- These sites update daily (savings, money markets, checking, and CD's).... http://bankcd.com/moneymarketrates.html http://bankcd.com/cdrates.html http://www.money-rates.com/cdrates.htm