[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 52 KB, 887x560, 1495393327959.png [View same] [iqdb] [saucenao] [google]
54294736 No.54294736 [Reply] [Original]

I was thinking of putting 40-60k into a 12 month CD.
WTF happens if the bank I'm doing this with goes under? Do I still get interest returns? Does the new bank honor the old rate? Is it possible that I just get fucked out of my money?
Should I cash out and put it all in a safe + get some gold/silver instead?
12 month CD is up to 4.5%

>> No.54296017

>>54294736
>if the bank goes under
unless your bank literally has 2 branches that isn't going to happen soon.

>> No.54296025

>>54294736
No they aren’t safe.

>> No.54296031

>>54294736
Just buy t bills from treasury direct

>> No.54296079

>>54294736
>12 month CD is up to 4.5%
Not worth it, and the bank will weazle their end- either get some precious metals or at the very least invest in something that will genuinely grow, CD's are generally never worth while even with 40-60k