Ask Terry Questions Online bank accounts

Online bank accounts

By Terry Savage on November 09, 2017 | Chicken Money

What about online banks (Discover) v branch banking (chase) for CD 10K and over?

Terry Says

As long as your CD says it is FDIC insured, there is no worry about safety.  But you might lose a few days interest if you keep switching your money from bank to bank.  Find a place that offers a good rate, and stick to it --as long as it is an FDIC insured certificate of deposit.  To compare rates on bank CDs go to this link at www.Bankrate.com.  And it does not matter if you are dealing with a "branch" of a bank or the main office.

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