I discovered yesterday that the FDIC took over control of my former bank. My wife has been doing some research and our present bank is not doing so well either. I was pretty unnerved to go on my broker website and learn that 90% of my Roth IRA is in a CD held by the former bank that is now closed by the FDIC. I guess the bright side is that it is insured. Beware.
Gary
You’re insured up to the first $100,000. The bank that was just taken over by the FDIC in California (I forgot the name) froze all customers assets over the $100,000 amount. The FDIC says it is there, but the customer can’t get to it.