Berkeley CSUA MOTD:Entry 49728
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2025/07/08 [General] UID:1000 Activity:popular
7/8     

2008/4/11-16 [Finance/Banking, Computer/HW/Drives] UID:49728 Activity:nil
4/11    Countrywide 12 month CD is 4.25%. But some people tell me they're
        going out of business. Is it actually safe to deposit into
        Countrywide right now? Will FDIC pay me the full amount + interest
        should it ever goes out of business?
        \_ Are you really that concerned about 4.25%? I could see if it
           was 7% or something. How much more is that than the next best
           rate you can find? Anyway, the Countrywide web site says that
           is it is FDIC insured. FDIC will pay principal plus accrued
           interest up to a total of $100,000.
           \_ I'm putting down $20,000. Most rates are 3.00%, so by
              putting into Countrywide I'll gain an extra 1.25% interest
              rate or $250.00/year. That'll get me 2 good Chez Paniz
              meals. I'll take it.                              -op
              \_ Only if you eat by yourself and don't order wine, especially
                 after tax. How long will it take for you to recover your
                 money from Uncle Sam? Is $250 pretax really worth the risk?
              \_ Patelco CU ( http://patelco.org ) is having a new member special
                 right now.  6.785% for 12 month CD.  Existing members also
                 have a special rate of 4% 12 month CD for new monies.
                 \_ It says maximum amount of money you can put for 7%
                    is $1000.00. UH DUH.
                    \_ Ah, didn't see that the maximum is also $1000.  Sorry
                       about that.
2025/07/08 [General] UID:1000 Activity:popular
7/8     

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patelco.org
Order here * Eyeglasses Drive: (through May 30) Donate your old glasses to help provide free eye care and glasses to people in need. Participating branches: Santa Rosa, Novato, Windsor, Rohnert Park. Patelco Credit Union is privately insured by American Share Insurance up to $250,000 per account. This institution is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money. Accounts with this institution are not insured by any state government.