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Originally Posted by Aces4
That may be true but how many of those products are international and not FDIC insured. Local institutions tend to be very invested in their communities and country for the greater good of the people and their financial needs. To each their own and no one is calling my investment is a plus.
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The Fidelity site has a list of banks for their brokered CDs. As you look at the list, you will see names of banks you know and there will be some whose bricks-and-mortar you mght drive past every day. Yet, you will not get the same rate by walking in the door.
You can choose call-protected or not. And the FDIC insurance is there.
I cannot figure out though how The Bank of China is FDIC insured, but it looks like BOCNY is based in NYC and somehow has the insurance and has had it for years. But you can just buy American banks. There are lots of choices on the list. You get to pick the bank(s).
Boomer