DudleySmith
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- Dec 21, 2020
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CD's are a another financial scam invented in the 1960's, so banks can log phony reserves and loan out more money.
Furthermore, not all banks are insured by the FDIC, which means you could be putting your hard-earned money at risk. CDs issued by non-FDIC insured banks can be significantly riskier than FDIC-insured investments, so it’s crucial to do your research before you invest. To ensure your investment is FDIC-insured, read the fine print and check that the bank is a member of the FDIC.
Are CDs FDIC-Insured?
When considering where to keep your hard-earned money, you want to be sure of two things: that the investment is safe and that it's insured. This is especially true when it comes to certificates of deposit (CDs). The U.S. government established the Federal Deposit Insurance Corporation (FDIC)...
www.gobankingrates.com
What CDs Are Not FDIC-Insured?
Two types of CDs are not FDIC-insured: foreign CDs and brokered CDs. Foreign CDs are issued by foreign banks and do not qualify for FDIC insurance. Similarly, brokered CDs are bought and sold through brokers rather than banks and do not fall under FDIC insurance coverage.Furthermore, not all banks are insured by the FDIC, which means you could be putting your hard-earned money at risk. CDs issued by non-FDIC insured banks can be significantly riskier than FDIC-insured investments, so it’s crucial to do your research before you invest. To ensure your investment is FDIC-insured, read the fine print and check that the bank is a member of the FDIC.
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