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And the latest post on the front page (from 3 days ago) is about WaMu bumping up their CD rates... although he does recommend checking out FDIC insurance covera

• aneesh 18y ago
  and? Money in WaMu CDs is still there, and insured as long as its less than 100K
  • lnguyen 18y ago
    You have to remember that it's up to $100k for all your accounts at a bank and not for each one. So say you had $75k in one and $50k in another. You'd be out $25k. So diversify your cash across banks (although that's harder and harder with all the acquisitions going on).
    • aneesh 18y ago
      > You'd be out $25k. Only if JP Morgan Chase goes under.
      • lnguyen 18y ago
        In this case, yes. JP Morgan was backing all the deposits at WaMu. But in general, don't count on this happening when a bank fails.