Quote:
Originally Posted by OrangeBlossomBaby
All this talk about how it's only accounts in small banks has me wondering: we have Citizens First Bank - there's also Truist, which is pretty small. There's also Vystar.
I don't "invest" in any banks, our annuities are with the Knights of Columbus, which has been and likely will always be stable. As long as there are Catholics, there will be the Knights.
But I am considering opening a Citizens First account to deposit my social security checks when they start coming in July so - should I just stick with Bank of America?
|
the single safest place in the entire world to put your savings is like a 1 year T note ,,especially right now with the huge interest rate .....
Seriously Not sure why anyone would have money in a bank right now when the T NOTES are paying such a huge amount in interest ,,,,,also remember if you open a lets say a CD 10,000 then you must put in $10,000 ..when you buy a 10,000 T Note you put in less then $10,000 to open it .......and their are small tax advantages for some...
As a retired banker with one of the BIG BANKS
a neighbor in the Villages asked me what to do with 2 year CD paying less then .70 % and has 12 months to go,,,,,my advise dump the CD pay the little penalty and start earning almost 5 % with a 1 year T note ,,