@dangeruss said in ALLY BANK 11 Month NO PENALTY CD 4.75% No Minimum:
@mistercheap said in ALLY BANK 11 Month NO PENALTY CD 4.75% No Minimum:
@c3 said in ALLY BANK 11 Month NO PENALTY CD 4.75% No Minimum:
Someone posted this on DOC. Ally is on the list.
yes I saw that, but keep in mind if you stay within the FDIC limits you shouldn’t have any concerns. But I certainly understand someone being hesitant to park money here based on that report.
When I spoke to a financial planner he mentioned that it might take some time to get your money back from FDIC.
In the case of the Silicon Valley Bank, individual with FDIC protected accounts had access to their money at opening on Monday. That has been the case with other bank failures over the last 10-15 years (you can google it)