sounds reasonable to me, and 4.5% for 25-100k or more (all FDIC protected) is great place to park liquid funds, no DD requirements or anything!@

if youre hovering right at the 25k line, ED at 4% with no mins may be better for you.

A very small bank (23 reported employees) with one branch, but rated 5-stars.

Geezers (over 50) might be entitled to "Preference 50" perks.

ken76 said:dudetheobscure said:A very small bank (23 reported employees) with one branch, but rated 5-stars.


Any idea why BauerFinancial has it at 5 stars but Bankrate.com only has it at 3 stars?

Different criteria and/or different weight assigned to relevant criteria. Also, ED is also 3 stars according to bankrate.com. FWIW, am comfortable w/ a range of 3-5* as a minimum as long as bauer and bankrate do not vary greatly into the less than 3 ratings. Given that banks report on a quarterly basis and one needs to take the reported data with a grain of salt in addition, the difference between 3* and 4/5* is nitpicking and pointless. JMO ofcourse.

Thanks OP. Its amazing what you can find out by glancing at the FW Finance forum occassionally. This is a better rate than the 6-month CD's I was getting excited about.

FWbargains said:I just check on the FDIC list that this is a legit bank. Been around a long time.
fdic list linkyeah it was already checked out in the prior thread linked in the OP

KwadGuy said:

Spoken like someone who doesn't have a lot at stake. Trust me: If you are looking to park cash in excess of the FDIC limits, there is a BIG difference between 3* and 4/5* banks.

Kwadcare to explain what you are talking about? Whats the BIG difference ? Your comments seems to be spoken like someone who doesnt have a clear grasp of FDIC insurance.

and why would anyone with deposits over 100k NOT structure accounts to increase FDIC coverage for the full amount of the deposit? Its extremely simple to expand FDIC coverage way beyond 100k (search this forum or the net)

didYOUsearch said:KwadGuy said:

Spoken like someone who doesn't have a lot at stake. Trust me: If you are looking to park cash in excess of the FDIC limits, there is a BIG difference between 3* and 4/5* banks.

Kwadcare to explain what you are talking about? Whats the BIG difference ? Your comments seems to be spoken like someone who doesnt have a clear grasp of FDIC insurance.

and why would anyone with deposits over 100k NOT structure accounts to increase FDIC coverage for the full amount of the deposit? Its extremely simple to expand FDIC coverage way beyond 100k (search this forum or the net)

Here comes the spoon :)

Just for comparison, how is it compare with this Text for 24 months 5k min

KwadGuy said:didYOUsearch said:KwadGuy said:

Spoken like someone who doesn't have a lot at stake. Trust me: If you are looking to park cash in excess of the FDIC limits, there is a BIG difference between 3* and 4/5* banks.

Kwadcare to explain what you are talking about? Whats the BIG difference ? Your comments seems to be spoken like someone who doesnt have a clear grasp of FDIC insurance.

and why would anyone with deposits over 100k NOT structure accounts to increase FDIC coverage for the full amount of the deposit? Its extremely simple to expand FDIC coverage way beyond 100k (search this forum or the net)

I have a very clear grasp of FDIC insurance. I know you can get a few multiples of $100K if you open additional accounts (but not many if you're single). But even with all those multiples, you aren't going to cover your entire deposit if you have serious money. If you think that by playing games you can get full FDIC insurance for what I'd consider a "Big" deposit, then you and I have very different ideas of what a "big" deposit is.

Not to mention: Who wants to go through the hassle of setting up a ton of different accounts if you can avoid it and get basically the same rate?


Kwadim still lost - Maybe we do have different ideas of what a "big" deposit is -what do you define as "BIG or serious money"? (this deal is capped at $500k).

Are you just talking in theory, or are you truly looking for a place to keep over $500k liquid? I cant believe that, if you have balances of that size, you dont want to go through the "hassle" of setting up multiple accounts - you'd rather have deposits UNINSURED above 100k by having 1 account at 5* rated bank, than have the entire balance fully insured via multiple accounts, even if theyre at a 1* BANK? How is that safer?

Multiple account titles certainly IS NOT PLAYING GAMES WITH FDIC coverage. Every bank and even the FDIC explains how to maximize coverage using these strategies. Your ED link shows you understand this, so how is it a game?? Per your lik, you see how simple it is to get $600k FDIC insured, Superior Savings limit on this deal is 500k. As long as you have a trusted family member with whom you structure the accounts, the entirety is FDIC protected.

I could care less about some star ratings