what happens to a cd if a bank closes or go bankrupt?

what happens to a cd if a bank closes or go bankrupt?
by

1 Answer

Answer :

Assuming that your CD is in a bank that is insured by the FDIC, and it is less than $100,000 ($250,000 temporary for now), you are protected. However, chances are that your bank may be taken over by a bigger one - this could result in the new bank honoring the CD until maturity. Either way, your assets should be safe.
by

Related questions

What happens when a city goes bankrupt?

Description : What happens when a city goes bankrupt?

Last Answer : answer:The whole world is facing very serious financial issues. Detroit is a symptom. Wall street is a symptom. For too long, we have relied on central economic planning to manage our ... Hopefully people will band together and help each other rather than turning to civil disobedience and rioting.

If the insurance company that handles my stuctured settlement goes bankrupt, what happens to my settlement payments ?

Description : If the insurance company that handles my stuctured settlement goes bankrupt, what happens to my settlement payments ?

Last Answer : If they have done any reinsurance of your profile then it will covered from the reinsurance company.it will depend on the amount also.http://www.kqzyfj.com/click-3443771-10399397

I have to take court ordered parenting classes. My next court date is October 13th. Can you recomend me some closes places to go i live in the zip code 48066. Im on a low income so i really cant aford to pay, so i will need free parenting classes. Thanks?

Description : I have to take court ordered parenting classes. My next court date is October 13th. Can you recomend me some closes places to go i live in the zip code 48066. Im on a low income so i really cant aford to pay, so i will need free parenting classes. Thanks?

Last Answer : 1Eastpointe Dentist -1st Consultation Free (2.2 miles) 24430 Gratiot Ave Eastpointe, MI (586) 693-2485 .. I think , this would be good for you.

Can the Constitution go bankrupt? Can it become too expensive to afford?

Description : Can the Constitution go bankrupt? Can it become too expensive to afford?

Last Answer : answer:Obamacare is just a set of laws governing all insurance companies. It is not some sort of insurance provider itself. It can’t go bankrupt, it can’t become to expensive. It’s just an ideal, like the Constitution. That answered the questions. You answered your own questions.

Why did you go bankrupt?

Description : Why did you go bankrupt?

Last Answer : I didn't

Why did you go bankrupt?

Description : Why did you go bankrupt?

Last Answer : Bih I didn't, you don't know me, or the number of toes I have!

Did Jesse Owens go bankrupt?

Description : Did Jesse Owens go bankrupt?

Last Answer : Feel Free to Answer

An example of the risk involved in development is a) Key personnel may resign before the product is complete b) The manufacturer of critical components (e.g. the hardware associated with a real-time system) may go bankrupt c) Technology changes may render the product obsolete d) Competitors may market a fully functional lower-cost equivalent package e) All of these are risks involved in development.

Description : An example of the risk involved in development is a) Key personnel may resign before the product is complete b) The manufacturer of critical components (e.g. the hardware  associated with a ... a fully functional lower-cost  equivalent package e) All of these are risks involved in development.

Last Answer : e) All of these are risks involved in development.

How long will it be until countries in the Middle East will start closing their borders to all Americans? How long will it be until Germany (as an example) closes its border to Jews?

Description : How long will it be until countries in the Middle East will start closing their borders to all Americans? How long will it be until Germany (as an example) closes its border to Jews?

Last Answer : Like any Jew would go to Germany…

Ashley Madison is a 'dating' site for married couples that want to cheat on their spouses. Apparently they have been hacked and the hacker is threatening to release all 37 million names, unless the site closes up shop. Is this good or bad?

Description : Ashley Madison is a 'dating' site for married couples that want to cheat on their spouses. Apparently they have been hacked and the hacker is threatening to release all 37 million names, unless the site closes up shop. Is this good or bad?

Last Answer : While I don’t condone what people do on that site. I find it weird that our right wing friends say we all have a free will to go through life with, yeah sure as long as it meets their views,if it doesn’t then they will force theirs on you, pretty cool huh?

After a business closes down, is it required to keep records?

Description : After a business closes down, is it required to keep records?

Last Answer : I've been wondering that myself. I worked at Borders on and off for 10 years. Now that they are out of business, I often wonder what I'd have to do when writing a resume. What address and phone ... for contact? How long will they keep the records of my being there? I'll be watching this question.

What can you buy from a pharmacy that closes cuts?

Description : What can you buy from a pharmacy that closes cuts?

Last Answer : Needle and thread. Why don’t you want to go to the hospital?

Will GM open as many plants as it closes this summer?

Description : Will GM open as many plants as it closes this summer?

Last Answer : What are you asking? This summer? Probably not. Ever again? Probably depends on how the cash flows and if people buy their products. Maybe use the details section to expand upon your incredibly vague question.

Hypothetically speaking, how would you motivate yourself to get off to get food before your favorite restaurant closes?

Description : Hypothetically speaking, how would you motivate yourself to get off to get food before your favorite restaurant closes?

Last Answer : you need motivation?

Why does my tall pine shaped bush look dead but oprns and closes?

Description : Why does my tall pine shaped bush look dead but oprns and closes?

Last Answer : Please add calcium to the soil, to promote green growth on your (now dying) tree. You can do this by crushing up eggshells and mixing them with water, pour your mixture at the base of the tree. -Birdy

A teacher is yelling, she closes the door, the window, and a book. What did she forget to close? -Riddles

Description : A teacher is yelling, she closes the door, the window, and a book. What did she forget to close? -Riddles

Last Answer : Her mouth.

You and Hector are in the car. You are in the passenger seat while Hector is driving. Hector is very good at driving. He closes his eyes to scare you as he is driving.You look at him and see his eyes closed. Your heart starts pounding because there is something in the road and Hector has to swerve out of the way, but with his eyes closed he can't see it, yet he still swerved out of the way and kept driving perfectly. Along with his eyes being closed the whole time, you were also silent the whole time. How is that possible that he knew something was in the way with his eyes closed? -Riddles

Description : You and Hector are in the car. You are in the passenger seat while Hector is driving. Hector is very good at driving. He closes his eyes to scare you as he is driving.You look at him and see ... whole time. How is that possible that he knew something was in the way with his eyes closed? -Riddles

Last Answer : Since you are in the passenger seat, when you look at Hector all you see is the right side of his face, only his right eye. He had his right eye closed and his left eye opened. You just could't see it.

Why attention iPhone 6! Apple closes the iOS12.5 system verification channel and will no longer allow downgrades?

Description : Why attention iPhone 6! Apple closes the iOS12.5 system verification channel and will no longer allow downgrades?

Last Answer : Bee Parts - Professional Factory Supplier For iPhone Samsung Huawei LCD Screen & Battery Repair Parts Replacement. On January 12, Apple released the official version of iOS 12.5.1, the version number is 16H22. ... today, which means that users can no longer downgrade from iOS 12.5.1 to iOS 12.5.

Why Google and avast don't work on mobile, it always closes

Description : I'm looking for a list and it closes right away, the same avast antivirus, on my mobile, thank you

Last Answer : Hello! Try restarting your mobile. It also does this for some applications. Nice day.

IF TCF CLOSES A CHECKING ACCOUNT CAN YOU OPEN ANOTHER ACCOUNT WITH WHETHER IT BE SAVINGS OR CHECKINGS?

Description : IF TCF CLOSES A CHECKING ACCOUNT CAN YOU OPEN ANOTHER ACCOUNT WITH WHETHER IT BE SAVINGS OR CHECKINGS?

Last Answer : They will likely deny your checking account application. You may be able to open a savings account with them.

In mammalian embryo the pulmonary aorta communicates with carotico-systemic aorta by a narrow ductus arteriosus, in the adult this connection closes l

Description : In mammalian embryo the pulmonary aorta communicates with carotico-systemic aorta by a narrow ductus arteriosus, in the adult this connection closes l

Last Answer : In mammalian embryo the pulmonary aorta communicates with carotico-systemic aorta by a narrow ductus ... C. Ligamentum arteriosus D. None of these

What is ironic about how Obi closes the path Why is the conclusion of the story ironic?

Description : What is ironic about how Obi closes the path Why is the conclusion of the story ironic?

Last Answer : Need answer

where is the closes nursing home that has cna training?

Description : where is the closes nursing home that has cna training?

Last Answer : The closest nursing home in your area is the Pine Needle Place which is an assisted living facility and specializes in caring for Alzheimer's patients, but does not offer any CNA training

In a typical medium speed 4- stroke Diesel engine, the inlet valve A. opens 20°before top dead centre and closes at 35°afterthebottomdead centre. B. opens up at top dead centre and closes at bottomdead centre C. may open orcloseanywhere D. remains open for 200°

Description : In a typical medium speed 4- stroke Diesel engine, the inlet valve A. opens 20°before top dead centre and closes at 35°afterthebottomdead centre. B. opens up at top dead centre and closes at bottomdead centre C. may open orcloseanywhere D. remains open for 200°

Last Answer : ANSWER : A

When food is swallowed the swallow reflex is activated and the larynx elevates and closes to avoid portions of the food bolus entering the trachea causing aspiration of strange material to the bronchi. Digestion System - Image Diversity: esophagus

Description : When food is swallowed the swallow reflex is activated and the larynx elevates and closes to avoid portions of the food bolus entering the trachea causing aspiration of strange material to the bronchi. Digestion System - Image Diversity: esophagus

Last Answer : Is the esophagus a muscular organ?

As shown in the illustration, which of the operations listed will happen when the 'jog button' is pushed? EL-0010 A. Coil 'CR' closes the normally open 'CR' contacts. B. Coil 'M' opens contact 'M'. C. Coil 'M' closes contact 'M'. D. Contact 'M' remains open despite the jog button being pushed.

Description : As shown in the illustration, which of the operations listed will happen when the 'jog button' is pushed? EL-0010 A. Coil 'CR' closes the normally open 'CR' contacts. B. Coil 'M' opens contact 'M'. C. Coil 'M' closes contact 'M'. D. Contact 'M' remains open despite the jog button being pushed.

Last Answer : Answer: C

As shown in the illustration, which listed action will occur first when push button 'Q' is depressed? EL-0017 A. Contacts 'H-1', 'H-2' and 'H-3' close. B. Contact 'H-4' closes. C. Operating coil 'C' energizes. D. Switch 'R' opens.

Description : As shown in the illustration, which listed action will occur first when push button 'Q' is depressed? EL-0017 A. Contacts 'H-1', 'H-2' and 'H-3' close. B. Contact 'H-4' closes. C. Operating coil 'C' energizes. D. Switch 'R' opens.

Last Answer : Answer: C

In guard cells when sugar is converted into starch, the stomatal pore (a) closes completely (b) opens partially (c) opens fully (d) remains unchanged.

Description : In guard cells when sugar is converted into starch, the stomatal pore (a) closes completely (b) opens partially (c) opens fully (d) remains unchanged.

Last Answer : a) closes completely

In levelling operation, (A) The first sight on any change point is a back sight (B) The second sight on any change point is a fore sight (C) The line commences with a fore sight and closes with a back sight (D) The line commences with a back sight and closes with a foresight

Description : In levelling operation, (A) The first sight on any change point is a back sight (B) The second sight on any change point is a fore sight (C) The line commences with a fore sight and closes with a back sight (D) The line commences with a back sight and closes with a foresight

Last Answer : (D) The line commences with a back sight and closes with a foresight

The final closing entry to be journalized is typically the entry that closes the a. revenue accounts. b. dividends account. c. retained earnings account. d. expense accounts.

Description : The final closing entry to be journalized is typically the entry that closes the a. revenue accounts. b. dividends account. c. retained earnings account. d. expense accounts.

Last Answer : b. dividends account.

Is the West in reality bankrupt?

Description : Is the West in reality bankrupt?

Last Answer : answer:No, and there's no evidence of increasingly worthless money. Statements like that show a misunderstanding of what money is. Money is a medium of exchange to store value and reduce transaction friction. The ... 't eat either of them. And if the economy collapses, they won't do you any good.

What can Blackberry do to avoid going bankrupt?

Description : What can Blackberry do to avoid going bankrupt?

Last Answer : He can stop spending so much goddamn money

Shouldn't bankrupt Stockton CA pay bondholders first?

Description : Shouldn't bankrupt Stockton CA pay bondholders first?

Last Answer : I think the bondholders should be treated like any other creditor and paid the same as any other secured creditor. If they get 50 cents on a dollar the bondholders get 50 cents. The bonds ... should have done their homework and looked at the credit rating or the financials if they were available.

Can you still get in trouble if you admit poor workmanship long after a company went bankrupt?

Description : Can you still get in trouble if you admit poor workmanship long after a company went bankrupt?

Last Answer : I think it would depend on whether someone who was affected by your lies and poor workmanship had grounds and desire to file suit and hold you responsible for any damages.

Why is California bankrupt?

Description : Why is California bankrupt?

Last Answer : Because the United States Government has allowed the State to be invaded by foreign nationals that do not pay their share of taxation, while sucking social services from the State coffers.

What does it actaully mean when you are bankrupt?

Description : What does it actaully mean when you are bankrupt?

Last Answer : Company/bank often borrows and/or lends money. When they owe too much and it becomes clear that they can no longer pay back to all those from whom they borrowed it, the company goes bankrupt. ... get back money suffer most. They can claim, however, through legal proceedings. But, it takes time.

How does Circuit City have TV commercials now if they went bankrupt?

Description : How does Circuit City have TV commercials now if they went bankrupt?

Last Answer : There are different kinds of bankruptcy .there is the closing up, selling out to the walls, I'm outta here kind (Chapter 7) and there is the give me some breathing room and keep my ... would not buy anything from Circuit City that you might need to return. Info on different types of bankruptcy

Do you know people who seem to be happy that North American car companies are going bankrupt and workers are losing their jobs?

Description : Do you know people who seem to be happy that North American car companies are going bankrupt and workers are losing their jobs?

Last Answer : Schadenfreude.

With technology evolving faster than I can type, how do you keep up with the newest toys without going bankrupt?

Description : With technology evolving faster than I can type, how do you keep up with the newest toys without going bankrupt?

Last Answer : it is the American way to go bankrupt

What's next after you file a bankrupt?

Description : What's next after you file a bankrupt?

Last Answer : I’m not sure you win anything.

A man was pushing his car along the road when he comes to a hotel. He shouts 'I'm bankrupt!' Why did the man shout that out? -Riddles

Description : A man was pushing his car along the road when he comes to a hotel. He shouts 'I'm bankrupt!' Why did the man shout that out? -Riddles

Last Answer : Because he was playing Monopoly.

A system has recently been introduced under which bankrupt prisoners are being given the opportunity to accumulate wealth. Under this system, will it be permissible to donate zakat wealth ?

Description : A system has recently been introduced under which bankrupt prisoners are being given the opportunity to accumulate wealth. Under this system, will it be permissible to donate zakat wealth ?

Last Answer : Alhamdulillah. It is permissible to give zakat to bankrupt people ; Whether they are captives or not. As Allaah says (interpretation of the meaning): Zakat is only for the poor , the needy , the zakat ... , or has incurred some financial liability on him ; Zakat can be paid to pay off his debt.

What companies have recently gone bankrupt?

Description : What companies have recently gone bankrupt?

Last Answer : Sbarro and Friendly's are two companies that have recently filed for bankruptcy and financial experts expect bankruptcies to be down this year compared to recent years.

Is California going bankrupt?

Description : Is California going bankrupt?

Last Answer : they are running out of money

Which of the following categories of citizens of the prescribed age may be registered as a voter? (1) Bankrupt (2) Convicted for certain crimes or corruption (3) Non-resident citizens (4) Mentally unsound

Description : Which of the following categories of citizens of the prescribed age may be registered as a voter? (1) Bankrupt (2) Convicted for certain crimes or corruption (3) Non-resident citizens (4) Mentally unsound

Last Answer : (3) Non-resident citizens Explanation: The Indian citizenship and nationality law and the Constitution of India provide single citizenship for all of India. The provisions relating to citizenship upon adoption ... Origin and is from a country which allows dual citizenship in some form or the other.

Fundamental Rights are not given to – (1) Bankrupt persons (2) Aliens (3) Persons suffering from incurable diseases (4) 4) Political sufferers

Description : Fundamental Rights are not given to – (1) Bankrupt persons (2) Aliens (3) Persons suffering from incurable diseases (4) 4) Political sufferers

Last Answer : (2) Aliens Explanation: The Fundamental Rights, embodied in Part III of the Constitution, guarantee civil rights to all Indians, and prevent the State from encroaching on individual liberty ... simultaneously placing upon it an obligation to protect the citizens' rights from encroachment by society.

A person who is in a position to pay his debts is called a / an 1. insolvent 2. solvent 3. bankrupt 4. broke 5. None of these

Description : A person who is in a position to pay his debts is called a / an 1. insolvent 2. solvent 3. bankrupt 4. broke 5. None of these

Last Answer : solvent

How best would you describe the financial position of the company, at the beginning of the simulation when control of the company is handed over to you? a. Of moderate excellence b. Close to bankrupt c. Bankrupt d. Heavily indebted but not close to bankruptcy e. Bad but with ample opportunity for improvemen

Description : How best would you describe the financial position of the company, at the beginning of the simulation when control of the company is handed over to you? a. Of moderate excellence b. Close ... d. Heavily indebted but not close to bankruptcy e. Bad but with ample opportunity for improvemen

Last Answer : a. Of moderate excellence

What are good CD rates? What bank should I go to?

Description : What are good CD rates? What bank should I go to?

Last Answer : You should be able to find a better rate than that. Some savings accounts are .9% now. As you shop for rates I would suggest not locking up the money for more than 2 years because it looks like the economy is starting to move, maybe rates will rise a little.