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Indy Mac 3 month CD at 4.25 APY

February 20th, 2008 at 07:28 pm

I opened one of these accounts on the internet and am considering depositing 250K into it. IndyMac is FDIC insured and I list my other family members as beneficiaries to insure the full amount.

However I am thinking that putting all of my eggs into one basket might not be so good -- altho it is only 3 months and I can't find a better rate anywhere else.

Ideas? T bills? Baselle?

I don't need to get my hands on the interest. It can compound away freely.

3 Responses to “Indy Mac 3 month CD at 4.25 APY”

  1. Ima saver Says:

    I have the same problem, so far I have stayed with local banks for 1 year, but in May, when one comes due, I don't know what to do? If I get any ideas, i will let you know.

  2. SicilyYoder Says:

    I like local banks.

  3. john Says:

    Do not deposit more than the FDIC insurance with indymac: not clear how long they will be in business.

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