Generous interest rates on deposits have been promoted by the very institutions that lately are cited in the news for financial troubles.

The article doesn't mention any banks, but Indymac is one that fits this description.

Your deposits that are under the FDIC limits are safe. The article covers some things to be cautious about such as brokered CDs and revocable trust accounts.

It also puts to rest some of the FDIC myths like the FDIC can take up to 99 years to repay.

 

Submitted: Jul 4, 2008    Views: 304    Comments: 0    Likes: 1   


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