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As furious IndyMac customers waited on long lines to withdraw their funds four days after the government took over the insolvent bank, clients of other banks have begun to worry about the fate of their cash as well.
You already know, The FDIC covers up to $100k in a personal account, up to $100k per person from a joint account and up to $250k in retirement funds. However, suppose you have accumulated over 1 million in saving, where can you put it safely?
You can buy millions US goverment backed security there. Even you have much less than 100k cash, US treasure still repersent a very good investment option.
Get more knowledge about Tresure Investment here.
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Orange Savings AccountTM
Not the highest interest in its class, but considering all factors, such as easy to use, safty of the money, no hassle to change bank. We still recommend it. 2.75% APR, No required minimum balances. No fees. No service charges. No penalties. No hidden costs.
You can always open CD ladder to maximize interest income.
You can also use ING DIRECT Orange saving account with your Mortgage Accleration product. You can save even more money.
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Facts |
- Only principal is insured by FDIC, interest accumulated is not covered.
- SIPC replaces missing stocks and other securities when a member bank going under.
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