Credit Union vs Bank
Hi Terry,
Do you think it’s safe to open a Certificate/CD at a Credit Union? Or is it better to get a CD at a bank?
Thank you
Terry Says
They are equally safe and insured by the Federal government up to the limits — as long as your CD is in a federally insured credit union. Not all are, so ask!
https://www.fdic.gov/resources/deposit-insurance/financial-products-insured
Or for ultimate safety buy U.S. Government IOUs — Treasury bills!
https://www.terrysavage.com/t-bills-beat-cds-2/
