Ask Terry Questions Looking for stable conventional bank to purchase CD’s.B

Looking for stable conventional bank to purchase CD’s.B

By Terry Savage on June 28, 2022 | Chicken Money

Any secured bank in 60402 area that is still safe , stable and reputable brick and mortar bank to rely on for savings? What would you advise for an 88 yr old woman?

Terry Says

All banks are equally safe since your deposit is insured up to $500,000 by the FDIC. Do you have someone to help you with this process? Someone you trust completely?
I see you can get around the internet pretty well. If it’s a lot of money you could buy Treasury Bills –direct from the Federal government — the safest investment in the world.

Click on this link in blue to read about how to buy them. Then you don’t have to worry about geography or bricks!

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