Search found 2 matches

by bobbybob
Tue Oct 13, 2020 8:56 pm
Forum: Personal Investments
Topic: Risk / pitfalls of CD at smaller banks
Replies: 9
Views: 1151

Re: Risk / pitfalls of CD at smaller banks

Okay. So the consensus is: Don't go blindly for the first bank with a high rate but consider reviews and consumer ratings. I did find INSBANK through https://www.depositaccounts.com/cd/ For my area, it is one of the better offers. However, it has no reviews, so I will pass. ConsumerCredit Union does...
by bobbybob
Mon Oct 12, 2020 7:52 pm
Forum: Personal Investments
Topic: Risk / pitfalls of CD at smaller banks
Replies: 9
Views: 1151

Risk / pitfalls of CD at smaller banks

Hi all, I see that INSBANK has a 1% 12 months CD here: https://online.insbank.com/certificate-of-deposit/ That looks quite attractive given the current rates. I have never opened a CD at a small institution. INSBANK is a tiny online bank but is FDIC insured, at least according to their website. Are ...