Our family’s trust has CDs at both Wachovia and WaMu. I (trustee) bought a 12-month CD from WaMu about a month ago and our broker was nervous enough to advise me to invest $96,000 instead of $100,000 so that if WaMu fails, I will still get the $100K FDIC protection, even with the relatively high interest they are paying. FWIW, he is more worried about WaMu than Wachovia.
I should add that I am not talking about this being my small family’s trust. It is the extended family trust.
