Bank Blog

NOT FDIC insured. Why do they have to say they are?

By: Sister Margaret

As far as money goes is it better to have your money sitting in a bank with all the guarantees that the banks give such as FDIC insured and your money sitting at a guaranteed 3%( if your lucky).
3 devided by 72=24 ( rule of 72)So you won’t even have a doubling period for 24 years. or is it better to asume more risk and invest in mutual funds and othe high yeild investments and give your self a shot at building wealth.

I am not looking for, Well I have “heard” investing is risky type answers Does anyone have any actual knowlege on the real risk of different investments as opposed to having your money be SAFE in the bank.

By: Rest of Your Life Off

Our Certificates of Deposit (CDs) purchased through your trading account (i.e. Ameritrade) safe?

note: they are FDIC insured, i’m just not sure if i’m comfortable having cd’s online and not in a brick and mortar city bank

By: triath91

I live in Ohio. I own several investment properties and several of them had mortgages from a certain bank. That bank was seized by the FDIC last September. Since that time, I have made no payments to the defunct bank, nor have I received any information from them, the FDIC, or anyone else as to who owns my loans now. It has been 4 months. I would like to sell some of these properties, but cannot because of this issue. Does anyone know of the procedures to file a Quiet title action? If so, how am I to serve notice to any succeeding bank if I do not know who they are.

BTW, I’ve tried contacting the officers at the defunct bank, the law firm that represents that bank, the FDIC, etc., and no one seems to have any information for me.

By: Swankie

My bank is going under where I have direct deposit of my income and also where I have my home mortgage at. I know several people pulling their money out and closing their accounts now.
What should I do? Should I follow the trend and pull out of my checking and savings account like others around me? Is my money still safe under FDIC?
I should add my bank is WaMu., one of the world’s giants in banking. I also just heard they are talking a merger with another bank.

By: IndianaHoosier

complete the names of the progams of each one president roosevelt named

FERA
AAA
CCC
WPA
NRA(NIRA)
TVA
FDIC
SSA

By: chirppy86

I’m about opening an e*trade bank account. but I found this on there webS. ” Investment Products: • Not FDIC Insured • No Bank Guarantee • May Lose Value”
I’m having second thoughts..
My knowledge about banking just like my knowledge about Korean history.. so please help.

By: alexmaxtor

Can someone define: letter of complaint, bait and switch, chain letter, pyrimid scheme, resume, form W-2, form W-4, The FDIC, Check 21, MSRP, Invoice price, or whatever you know?

By: willnorman30

In the next few months many banks will go under. The FDIC won’t be able to afford all the money lost. What is a good bank that is not at risk? I was thinking USAA

By: Zodoz

Commenting on the surge in innovative home financing products such as adjustable rate, “interest-only” loans, with low % down payment requirements that have allowed borrowers to hold down their initial mortgage payments even as housing prices and mortgage debt have increased faster than household incomes, an FDIC regulator commented last summer: “During the long housing boomn, banks have engaged in risk warfare. In order to get wider spreads they have taken on more risk for the same spreads. Bank loan portfolios in the last few years have become riskier.”

1. What does the phrase “wider spreads” in the above quote refer to? Spreads between what and what?

2. What does the quote imply happened to the size of default risk premiums during the “long economic boom?”

By: Mike S