I'm not sure who has a better CD, is it Chase or Bank of America?

Question

I'm not sure who has a better CD, is it Chase or Bank of America?

Answer 1

CD's are insured by the FDIC up to $100,000 per account.

If Chase or Bank of America go under, you won't lose your money.

So the real question would only be who is offering the better rate of return.

Answer 2

I would be worried about Chase going bankrupt like Indymac bank. I would go with Bank of America, it has a lot more money and would take a lot to go under.

Answer 3

NONE

To my mind the best way to invest money is to invest in someone's business. It's safer and more profitable. I have invested in good business and now I am getting guaranteed 40% annual interest.

I wish you success in your investments!

Answer 4

None.. Why put your money into a cd? When you can invest into something better in the long run such as EIUL.

With WFG you can achieve financial independece.

Answer 5

even though chase has a smaller market cap than BAC does, but look at chase, they have banks around and a lot of people will select chase.  It is the reason I have a chase account too.

C has a market cap of about 250B 3 months ago and look at now. It was 82B 3 days ago and now it is 101B boosted by the financial booming.