FDIC??? If you’re so concerned about FDIC, keep your money with the big banks like Wells Fargo, Bank of America, Citibank. If any one of them goes down, FDIC will be so insignificant, it won’t have enough in reserves to cover all the deposits. Plus, the world is probably coming to an end and the US gov’t probably has collapsed 🙂

If a person is keeping money with one of those internet banks like ING and EmigrantDirect for that extra 0.5% on CD’s and money markets, s/he must be desperate. Don’t go through the hassles of moving money from one place to another over interest rates. One would do much better by balancing money between cash and stocks, and managing daily/monthly household budgets and spendings. By driving a Honda Accord instead of a Mercedes, you’ve just created extra $30,000 in your savings.