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Personal Investments • Bad idea to get a CD with a "troubled" bank?

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A bank going through a rocky period, New York Community Bank, has a decent offer on Certificates of Deposit.
Maybe history doesn't matter but I see this bank used to be Amtrust / Ohio Savings Bank, which failed in the early aughts.
Whatever is going on with the enterprise as a whole, depositors would be covered if the bank went south, so should we care at all? Or rather better to steer away from the place?

Statistics: Posted by RealSunset — Sun Feb 25, 2024 8:57 pm — Replies 6 — Views 596



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