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

James Smith — 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.

High Interest Savings Accounts | FDIC Insured and Why That’s Not Enough is a post from: High Return CDs | Online Banking | Savings Accounts | Personal Finance

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