Ilyce Glink's BlogWelcome to Ilyce Glink's blog! Here you'll find Ilyce's latest insights on personal finance advice, real estate advice and consumer issues. Come back often for timely and interesting posts on a wide variety of topics. Sunday, September 28, 2008 Is Your Bank Account Protected? Use This Calculator!The FDIC has launched a new calculator to help you figure out if your deposits are protected. Labels: FDIC
posted by Ilyce Glink at 11:04 AM
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Do you have funds in a credit union? Wondering if they're as safe as FDIC-insured banks?
Credit Unions have insurance for deposit accounts that is very similar to FDIC insurance. Here's the link to a calculator to tell you whether your funds are safe.
http://webapps.ncua.gov/ins/
posted by
Ilyce Glink | September 28, 2008 12:24 PM
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I just discovered a 20% interest certificate of deposit in the Philippines. Website is http://themoneymakers.org/englishindex.html
It's PDIC insured, something similar to the FDIC. But I wonder if it's really safe: Can the poor Philippine government really pay if a bank goes bankrupt?? Comments are very welcome!
posted by
Denzel Pollmann | October 02, 2008 8:29 AM
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I don't know if this is a safe investment, but I think the old adage applies: If it sounds too good to be true, it probably is. Twenty percent on your money in any economy is insanely wonderful -- but in this economy, it's really suspect.
Ilyce
posted by
Ilyce Glink | October 02, 2008 9:24 AM
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