Huffington Post logo Huffington Post 1 month ago

When Banks Fail, So Do Those Promised CD Rates

Bank Cd Rates

Norma Jean Scott, a 63-year-old Alabama retiree, thought she was being prudent three years ago when she stashed her $100,000 retirement nest egg in a pair of certificates of deposit. Full Article at Huffington Post

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  1. FILE - In this Oct. 14, 2009 file photo, Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair, testifies on Capitol Hill in Washington.
  2. WASHINGTON - OCTOBER 14:  Chairman of the Federal Deposit Insurance Corporation (FDIC) Sheila Bair (L) testifies during a hearing before the Financial Institutions Subcommittee of the U.S. Senate Banking, Housing and Urban Affairs Committee on Capitol Hill October 14, 2009 in Washington, DC.
  3. NEW YORK - SEPTEMBER 25:  FDIC Chairman Sheila Bair attends a panel on finance at the Clinton Global Initiative (CGI) September 25, 2009 in New York City.
  4. WASHINGTON - SEPTEMBER 23:  Sheila Bair, chairman of the Federal Deposit Insurance Corporation (FDIC), participates in a House Financial Services Committee hearing on Capitol Hill, September 23, 2009 in Washington, DC.
  5. WASHINGTON - MAY 27:  Sheila Bair, Chairman of the Federal Deposit Insurance Corporation (FDIC), pauses as she speaks during a news briefing May 27, 2009 in Washington, DC. Bair announced the bank and thrift industry earnings for the first quarter of 2009.
  6. Arnold Schwarzenegger, governor of the state of California, gestures during a debate at the Climate Summit for Mayors at the Copenhagen City Hall December 16, 2009. Arnold Schwarznegger is in Copenhagen to attend UN World Climate Conference COP15.
  7. LOS ANGELES, CA - DECEMBER 15:  Actress Diane Kruger speaks onstage during the 67th annual Golden Globe Awards nomination announcement held at the Beverly Hilton Hotel on December 15, 2009 in Los Angeles , California.
  8. COPENHAGEN, DENMARK - DECEMBER 15:  Governor of California Arnold Schwarzenegger speaks at the United Nations Climate Change Conference on December 15, 2009 in Copenhagen, Denmark.

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