Can someone please tell me if an FDIC insured internet bank is as safe (for a 5 yr CD) as a traditional walk-thru bank in the event of a bank failure. The internet banks appear to offer a higher rate of return on CD's and according to bankrate.com's rating sources, many of them are rated "sound," as well. My concern is that they don't have the backing of a "real" bank and have only been functioning for a very short time. Thank you for any feedback.
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