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Subject:  Re: 5.65% APY @ Countrywide Bank!!! Date:  9/5/2007  10:01 AM
Author:  DeltaOne81 Number:  21515 of 36852

How much interest is paid on the account between failure and "ultimately"?

Not much because ultimately is pretty darn quick:

How long does the FDIC take to pay insurance on deposits after an insured bank fails?

Federal law requires the FDIC to make payment as soon as possible. Historically, the FDIC pays insurance within a few days after a bank closing either by establishing an account at another insured bank or by providing a check. Deposits purchased through a broker may take longer to be paid because the FDIC may need to obtain the broker's records to determine insurance coverage.

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