deposits

Buyer Beware: The Weakest Banks Often Offer the Highest Interest Rates

Posted 20 weeks 6 days ago by Xin Lu

Personal Finance, Investment

Nord LB Bank
Today the troubles of IndyMac bank was splashed in the headlines. Its stock has fallen to nearly $0 and depositors are making a run at closing their accounts. IndyMac has been consistently been paying one of the highest CD interest rates in the nation, and it is a prime example of a financially weak bank that offers high rates to attract new deposits.

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