Quote:
Originally Posted by Boomer
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
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For the small difference, I prefer to walk into my local S & L or bank. It’s less hassle and they match advertised rates in the area. It’s more convenient when RMD time rolls around and at this point in our lives, we’re tired of the treadmill and simple is our goal.