Is it safe to place money in CD,?

Question

Is it insured in the case of bankruptcy??

Answer 1

As long as the bank that you took out the CD with is FDIC insured, you money will be insured against the bank becoming insolvent for up to $100,000.

CDs are very safe investments although the interest rates are rather low right now. www.bankrate.com is a good place to compare CD yields.

Answer 2

Buy it through a bank that is FDIC insured.  CD's are a low risk, low return, safe savings instrument.

And I hope you are not referring to your own bankruptcy !

Answer 3

CDs are a very safe investment...not sure about the bankruptcy question...Ask when you get ready to open your cd account

Answer 4

CDs are very safe. You can research online to find high rates of return. Good ones right now are about 3.5%. I have had many CDs and each time they renew, I simply roll it over into a new one. It is great to put money in a CD because it is off limits, but not completely unaccessible. I have one that is about to mature at 5.5% and it is killing me that I am going to have to renew it at 3.5%. What a let-down.

CDs are insured by FDIC just as any other investment or account at a bank up to $100K.