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September 4, 2008 at 12:36 PM #266172September 4, 2008 at 1:49 PM #265923
34f3f3f
ParticipantI checked a bank in the CDARS network yesterday, which had a good rating from bankrate.com. The scheme seems like a good idea, but I was put off by the fees, which you can either pay or the bank pays giving you a lower rate. I also couldn’t find if CDARS is regulated, and since they don’t leave any contact details on their website (another minus in my book), I couldn’t really ask them. Most of the banks in the network are small, and although you can ask not to have you funds placed with certain banks, you can’t specify which ones you do want. The banks are apparently vetted by some FDIC solvency test. A similar scheme exists for Money Market funds. I think I’m right in saying the FDIC “watch” list grew 30% last month, and I still haven’t been able to find a leaked document of those banks on the internet.
September 4, 2008 at 1:49 PM #26614134f3f3f
ParticipantI checked a bank in the CDARS network yesterday, which had a good rating from bankrate.com. The scheme seems like a good idea, but I was put off by the fees, which you can either pay or the bank pays giving you a lower rate. I also couldn’t find if CDARS is regulated, and since they don’t leave any contact details on their website (another minus in my book), I couldn’t really ask them. Most of the banks in the network are small, and although you can ask not to have you funds placed with certain banks, you can’t specify which ones you do want. The banks are apparently vetted by some FDIC solvency test. A similar scheme exists for Money Market funds. I think I’m right in saying the FDIC “watch” list grew 30% last month, and I still haven’t been able to find a leaked document of those banks on the internet.
September 4, 2008 at 1:49 PM #26615334f3f3f
ParticipantI checked a bank in the CDARS network yesterday, which had a good rating from bankrate.com. The scheme seems like a good idea, but I was put off by the fees, which you can either pay or the bank pays giving you a lower rate. I also couldn’t find if CDARS is regulated, and since they don’t leave any contact details on their website (another minus in my book), I couldn’t really ask them. Most of the banks in the network are small, and although you can ask not to have you funds placed with certain banks, you can’t specify which ones you do want. The banks are apparently vetted by some FDIC solvency test. A similar scheme exists for Money Market funds. I think I’m right in saying the FDIC “watch” list grew 30% last month, and I still haven’t been able to find a leaked document of those banks on the internet.
September 4, 2008 at 1:49 PM #26619934f3f3f
ParticipantI checked a bank in the CDARS network yesterday, which had a good rating from bankrate.com. The scheme seems like a good idea, but I was put off by the fees, which you can either pay or the bank pays giving you a lower rate. I also couldn’t find if CDARS is regulated, and since they don’t leave any contact details on their website (another minus in my book), I couldn’t really ask them. Most of the banks in the network are small, and although you can ask not to have you funds placed with certain banks, you can’t specify which ones you do want. The banks are apparently vetted by some FDIC solvency test. A similar scheme exists for Money Market funds. I think I’m right in saying the FDIC “watch” list grew 30% last month, and I still haven’t been able to find a leaked document of those banks on the internet.
September 4, 2008 at 1:49 PM #26623234f3f3f
ParticipantI checked a bank in the CDARS network yesterday, which had a good rating from bankrate.com. The scheme seems like a good idea, but I was put off by the fees, which you can either pay or the bank pays giving you a lower rate. I also couldn’t find if CDARS is regulated, and since they don’t leave any contact details on their website (another minus in my book), I couldn’t really ask them. Most of the banks in the network are small, and although you can ask not to have you funds placed with certain banks, you can’t specify which ones you do want. The banks are apparently vetted by some FDIC solvency test. A similar scheme exists for Money Market funds. I think I’m right in saying the FDIC “watch” list grew 30% last month, and I still haven’t been able to find a leaked document of those banks on the internet.
September 4, 2008 at 2:07 PM #265938Coronita
ParticipantI guess in today’s climate there is no clear safe bank. But if I were to bank, I’d bank in a bigger institution. That said, FYI
FWIW: Some of you might have an online account with emigrantdirect.com (I remember they use to be one of the higher interest payees for online savings).Well i think Emigrant Bank has a 4, ** rating.
http://www.bankrate.com/brm/safesound/rating.aspSeptember 4, 2008 at 2:07 PM #266156Coronita
ParticipantI guess in today’s climate there is no clear safe bank. But if I were to bank, I’d bank in a bigger institution. That said, FYI
FWIW: Some of you might have an online account with emigrantdirect.com (I remember they use to be one of the higher interest payees for online savings).Well i think Emigrant Bank has a 4, ** rating.
http://www.bankrate.com/brm/safesound/rating.aspSeptember 4, 2008 at 2:07 PM #266168Coronita
ParticipantI guess in today’s climate there is no clear safe bank. But if I were to bank, I’d bank in a bigger institution. That said, FYI
FWIW: Some of you might have an online account with emigrantdirect.com (I remember they use to be one of the higher interest payees for online savings).Well i think Emigrant Bank has a 4, ** rating.
http://www.bankrate.com/brm/safesound/rating.aspSeptember 4, 2008 at 2:07 PM #266213Coronita
ParticipantI guess in today’s climate there is no clear safe bank. But if I were to bank, I’d bank in a bigger institution. That said, FYI
FWIW: Some of you might have an online account with emigrantdirect.com (I remember they use to be one of the higher interest payees for online savings).Well i think Emigrant Bank has a 4, ** rating.
http://www.bankrate.com/brm/safesound/rating.aspSeptember 4, 2008 at 2:07 PM #266247Coronita
ParticipantI guess in today’s climate there is no clear safe bank. But if I were to bank, I’d bank in a bigger institution. That said, FYI
FWIW: Some of you might have an online account with emigrantdirect.com (I remember they use to be one of the higher interest payees for online savings).Well i think Emigrant Bank has a 4, ** rating.
http://www.bankrate.com/brm/safesound/rating.aspSeptember 4, 2008 at 10:18 PM #266235Raybyrnes
ParticipantWamu was offering a 12 month cd online with an add on feature for 5% last week. Best I’ve seen. They also have deals at the branch level for thsoe who are willing to speak to the manger and have a 90 K to put down.
September 4, 2008 at 10:18 PM #266451Raybyrnes
ParticipantWamu was offering a 12 month cd online with an add on feature for 5% last week. Best I’ve seen. They also have deals at the branch level for thsoe who are willing to speak to the manger and have a 90 K to put down.
September 4, 2008 at 10:18 PM #266464Raybyrnes
ParticipantWamu was offering a 12 month cd online with an add on feature for 5% last week. Best I’ve seen. They also have deals at the branch level for thsoe who are willing to speak to the manger and have a 90 K to put down.
September 4, 2008 at 10:18 PM #266510Raybyrnes
ParticipantWamu was offering a 12 month cd online with an add on feature for 5% last week. Best I’ve seen. They also have deals at the branch level for thsoe who are willing to speak to the manger and have a 90 K to put down.
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