High Interest Savings Accounts | FDIC Insured and Why That’s Not Enough

High Return Savings Account — Wed, 30 Sep 2009 22:14:21 +0000

High interest savings accounts, FDIC insured or not, are vulnerable to the same sorts of liquidity interruptions as any other FDIC insured account… only now the FDIC is starting to ask banks for money in advance. Why is that do you suppose? While regulators and prominent figures such as Fed Chairman Ben Bernanke talk about the improving economy and slowing growth in unemployment the line workers at the Fed are still busy closing banks. Talk About Better Times Ahead While the Minions Do the Dark Work of Winding Down Insolvent Banks Since the collapse of Lehman last September the Fed has closed down (at last look) 92 banks in 2009. Why does it seem odd to be talking about an improving economy in the face of more bank closings? Because it IS odd. What the Fed doesn’t want to talk about is that it’s regulators and auditors are still working through the flailing psuedo-solvent banks that are being allowed to quietly and slowly grind to a halt rather than cause a panic and a general run on the banking system. What Does This Mean for the Average High Interest Savings Accounts FDIC Insured Saver? What this means for average saver [...]

High Interest Savings Accounts | FDIC Insured and Why That’s Not Enough is a post from: Online Savings Accounts - High Rate CD Accounts | Kidssavingsaccount.info

Online Savings Accounts - High Rate CD Accounts | Kidssavingsaccount.info » FDIC insured

High Interest Savings Accounts | FDIC Insured and Why That’s Not Enough