Bank of America has dropped their rates along with the rest of the banking industry. Big banks like Bank of America have historically offered lower rates, and their current rates have not broken this trend. Bank of America’s high yield CD has a yield of 3.06% APY, with a 4 month maturity term. Minimum balance […]

Here’s a few steps to take when trying to verify a bank’s FDIC insured status:

Check to see if the bank website has the “Member FDIC” logo.
Then go to the actual FDIC site to verify that the bank is indeed a member of FDIC. FDIC insured investments are insured up to $100,000.
On the verification page compare […]