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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: life savings

life savings stories: 1 news summaries

Sorry, FDIC Can't Guarantee Interest on That CD 

When selling failed banks, Feds allow buyers to slash expected payout

(Newser) - There’s a little-publicized part of your bank deposit the FDIC doesn’t insure, and it’s driving scrupulous savers up the wall. The logic is simple enough: When the FDIC takes over a failed bank and resells its assets, it allows buyers to alter interest rates, particularly on CDs.... More »

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CDs certificates of deposit FDIC bank failure interest rates assets life savings

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