CD accounts

[soda7o]

what you all think of them
i got a savings account at ing with 3.3% and another one with hsbc with 3.75% but i have been looking into CD accounts and 1 year are at around 4.2% 4.3% and the penalty is only 3 months of interest if anything
i have never actuallyplayed around with them so i am looking for some info.

thanks

[soda7o]

i guess no one.. oh well

[RonJ83]

they are not FDIC insured, if you want to take a risk knock yourself out, but i wouldnt fuck with it

[soda7o]

they are not FDIC insured, if you want to take a risk knock yourself out, but i wouldnt fuck with it
there are fdic insured ones.. thats the ones i am looking into..

[jcblitz]

I'm looking to put away about $2000 a month away for a house....somone tell me where to put it!!! And no, not in your pocket.

[soda7o]

I'm looking to put away about $2000 a month away for a house....somone tell me where to put it!!! And no, not in your pocket.


savings.. HSBC at 3.75 and no mins no penalties no nothign..
thats all i can think of right now..

[Rev]

I'm looking to put away about $2000 a month away for a house....somone tell me where to put it!!! And no, not in your pocket.


buy a penny stock today and sell it tomorrow and quadrupel yo 2 g's... but find a good penny stock :confused:

[RonJ83]

there are fdic insured ones.. thats the ones i am looking into..

shoot me a PM on those man, i went to 4 banks and non are FDIC insured

Chase
Washington Mutual
Commerce Bank
Independence (SI Bank & Trust)

[xstortion]

I am using ING as well but I just started so not really sure how good they are

[soda7o]

I am using ING as well but I just started so not really sure how good they are


ing is good so is hsbc...
btw ron i thinkyou are right i might have misread aboutthe fdic thing

[RonJ83]

ing is good so is hsbc...
btw ron i thinkyou are right i might have misread aboutthe fdic thing

my buddy angie works at a bank and she told me that CDs are NOT FDIC insured because they follow the stock market (or something along those lines)

[pmdez]

so what actually happens if your CD's aren't FDIC insured??? :confused:

[RonJ83]

so what actually happens if your CD's aren't FDIC insured??? :confused:

well its like playin russian roulette with your money. whether or not youre gonna get it all back or any back is the luck of the draw.

[pmdez]

but what causes that fluctuation? or what does it depend on?