Message Font: Serif | Sans-Serif
No. of Recommendations: 0
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'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.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.