Thursday, December 8, 2011

What banks are safe to put my time deposit. How many years to double my money ? How much minimum ?

Any bank that carried FDIC insurance is safe up to $250,000 per name. At today's interest rate it will take 72 years to double your money. Rates are at historical lows. Most banks have a $500 minimum for a CD, but you will need to check with your bank to find their limits.

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