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Thread: Where to put short term cash
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Old 07-17-2010, 07:10 AM
Boomer Boomer is offline
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Originally Posted by Barefoot View Post
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Are the "online" companies really safe? (Ing, Ally, Everbank, etc.) I gather that they all covered by FDIC. But is one "safer" than another?

I know I'm old fashioned, but dealing with tellers and real buildings just seems safer.
Hi Barefoot,

I know exactly what you mean. I have to see the bricks and mortar.

It took me a long time to start using online trading. But finally, in the spring of 2009, I got over that and opened an online account. Of course, the account I opened is at an online brokerage with local offices where I can walk in and hand them my money to deposit. Bricks and mortar for me to see and touch. In fact, I am thinking about switching for trading. I might be able to get myself to do that. Some of those companies have been around forever.

But no banks with cyberspace offices only can get into my life. I have to know where my bank is.

So anyway -- me, too.

Drive-thru Boomersaurus
Last edited by Boomer; 07-17-2010 at 07:33 AM. Reason: typed the year wrong