Lockicious/Splotto/anyone,I wonder about the 5 year CDs offered by Pentagon Federal Credit Union ( www.penfed.org ) , at APR of 4.88%, but I believe it is not FDIC insured. They are insured by "the National Credit Union Administration, an agency of the U.S. Government" upto 100,000, as per the web site. Is this as good as FDIC?I haven't invested any money in CDs yet, but wondering what your views are on this particular offer. For good/bad, my money is sitting in ING direct and Virtual Bank earning 2%/2.15%I am not looking to buy any bonds in the short term. Any good CDs or 'It is better to wait a few months and see if intrest rates are on the rise?'tia... P.S. - I posted a similar message on this thread message # 9849, but I think it got lost.