3 ms·
CD is as risky as the issuing bank. If the bank bankrupted, the CD money is gone, down to the FDIC insured amount.
by ww520 8y ago
CD is as risky as the issuing bank. If the bank bankrupted, the CD money is gone, down to the FDIC insured amount.
- brianpgordon 8y agoWhat? Obviously I'm not saying that you'd buy more than $250k of CDs at a single bank. Where are you coming up with this?
- jjeaff 8y agoThen you are back to the original problem of the overhead of managing 4,000 different CDs. I think you'll negate any gains and maybe likely lose money.