Deciding between opening a CD with either Chase or JPM. Chase: 3% w/ 1 year term (been with Chase forever so I’m comfortable with putting in large money with them). JPM: 4.5% w/ 3 months term, I know this term is way better, but what worries me is although the list of banks that JPM has are FDIC-insured banks, I’ve never heard of those banks. Question: Are FDIC insured banks truly safe with the current economy? Thinking about putting in $80k to CDs.

like
Posting as :
works at
You are currently posting as works at

If FDIC insured banks can't give you your money back, then society has basically collapsed and money won't mean anything anyway

like

Look into something closer in duration to when you need the money. If you go shorter you’ll take interest rate risk having to reinvest the money. Could just buy tbills that mature in 18-24 months.

like

This, get T-bills instead of CDs.

like

FDIC insurance is really what matters. I find it odd that JPM doesn’t use chase since they are the same thing. You should be able to get at least 4% for a year pretty easily. Ally for example is 4 and am sure you can do better if you look around. 1year treasury notes are an option also

like

I’d look into opening an HYSA with someone like Marcus, the rate is 3% and the money is liquid. It’s also FDIC insured

like

How /where do I open a cd at 4.5% with JPM? I have a Chase account and it pays very little interest, but I recently opened a sapphire account and will received a $2000 bonus after 4months and 10 days. The offer ends Jan 31st if you are interested.

like

This is OP. I’ll need the money in a year or two, that’s why I’m not putting these money into stocks or other places. I mainly want to know how people think of the FDIC insured banks that are not large/well known banks, thanks!

In a low fixed rate, our money doesn’t compound quick enough and we don’t beat the inflation rate. You’re essentially bleeding money through taxes and low ROR. The bank lends and makes money. They aren’t in the business of helping you grow wealth.

It depends on the rest of their portfolio. I wouldn’t suggest anything without all of the information.

Related Posts

Joining MBB in Oct and wondering what credit card to get.

factors to consider:
•Currently have CapOne Quicksilver (did it for intro $ offer a year+ ago).
•Backpacking Europe for ~6 weeks in Aug, so looking to put purchases on new card. Already paid round trip, but not the intermediate parts.
•Unsure how much traveling for cases, esp w the WFH situation.

Was looking at Chase Freedom Unlimited for $300 offer & % cash back, but curious ab other options. Corp card prob also affects decision.

like
like

What is the job security for people on bench in HCS? I have joined HCS almost a month and a half and yet to be assigned to a project. I am worried if it would negatively affect my position in HCS. Kindly help with your answers.

like

Anyone currently (or previously) at BuzzFeed LA? What’s a reasonable range for a Senior Client Services Manager? Should I think of it as an SAE role use that to guide me ($65-$75K)?

likehelpful

Hi All, any insights on the base salary range for Manager role at PwC, FS Technology? 9+ YOE with a MBA degree. Thanks!

Urgent joining coming up:
Robert Bosch 23 or Palo Alto networks 22 + stocks $6k per year for Sr Analyst role? Bosch hybrid and palo wfh?? Palo client role
And Bosch service Role

like

Hi all-
I was going to be preparing myself for an interview for a T2 firm. I have about 7 months to prepare for the interview but am overwhelmed by a lot of conflicting advice on how to prepare. I am generally not the best interviewer but am confident of being a good fit for consulting.

I wanted to ask if anyone in a similar position (not great at interviews) managed to overcome this and how. I really want to nail this and am willing to spend a lot of time and energy to put myself through.

like

Any model risk auditors out there? Curious of the required skillset needed for the role.

Hi there! Is anyone working at Siemens Gamesa who could possibly give me a referral? Thank you so much!!

like

Anyone have experience working in sales for a startup? What are things to consider? Got a recruiter contacting me about an open position very similar to what I do now, at a startup.

It always seemed like real estate was one of the safest things to invest in. Then the crash of ‘09 happened, and the market bounced back for a while. And now we’re in… whatever this is. It just seems surreal.

like

Hi guys,
I am a Re starter, looking for job in KYC/AML field. Please if there any openings. Kindly let me know. Thanks

Good morning, I’m looking for an Entry Level Scrum Master position. Please send referrals

like

Interviewing at Deloitte for the position of Retail/Consumer Data Management Manager in a T2 city. What's the expected salary, is 190k too much to ask for?

like

Hi, I am moving from edmonton to toronto. can anyone give me an idea how much I should ask for a senior mobile developer position in Toronto?

Quick question: will you buy vanguard index funds through a vanguard account or their ETF versions through Robinhood or Ameritrade (already have Robinhood and Ameritrade) ?

Trying to build a strategy focused on index funds.

like

Hi Fishes, I have one question for you.

What are avg 2 sharing PG rents in Bengaluru?

like

More Posts

Do you guys ever feel the need to do something drastically different (career wise)
Ex from tech coding to becoming a pilot?

like

How is career and technical growth in Cognizant?

like

I know the stats HS provide on need based aid. But how does it really work? Could you lie in terms of your assets and potentially what you make. How would a background check uncover those.

like

Any tennis players out in East Valley 4.5 and above?

like

I have an offer from Wipro for apple account as Lead Engineer (Site Reliability Engineer). Can anyone tell me how the project is for apple account? Does they have on-site opportunities for Wipro emplo… more

like

Hello everyone
I got offer from natwest on sep 20 and i got mail regarding Pre employment screening on 22 September and from my side i uploaded the all documents to the verification and one of the executive visited my present address for back ground verification on 28 sept.till now i didn't get any mails regarding completion of PES.can anyone explain me that how many days it will take for the process.

like

Hello there audit folks! Anybody considering a shift to financial due diligence? Happy to discuss opportunities at EY, please DM me if interested. We are really looking for folks with healthcare or tech experience and can move extremely quickly during the interview process. I've been in the group for years and transitioned as a senior so can share the positives and negatives.

like

I am a Senior Program manager and I am interested in doing a certification related to program management to advance my career and increase in compensation. I am thinking PgMP certification vs Lean Six Sigma Greenbelt certification. Let me know what certifications you plan to take or already took in a program manager role, why you took that specific certification, any benefits you received after taking that exam and how difficult was the exam etc.,

like

hey all, I’m a (female) freelance producer/PM based in Amsterdam. I would really like to network with more female creatives in Europe in general… know of any existing groups? (Please no, why only women? Genuine replies only ☺️)

like

Is in sapient many devs are on bench for SAL2 Experience technology - react?

like

Is it true new partners at PwC are making 550-600k? Are there big differences in Partner Comp between Big Four?

like

What's the expected CTC for a Data Scientist with 5 YOE at Amex? Specifically working on risk analytics.

like

Does anyone have a great system for compiling and storing creds/caps? I dig through old decks constantly to find specific language and case studies. We have a system but we need to upgrade

like

Just joined, I'm curious how often you've been a high performer but are told you're not consistent enough? But you haven't missed deadlines or anything, so what's consistency mean for you?

like

What should I expect during my call with Deloitte’s recruitment advisor? I received a verbal offer last week, and a meeting invite this week with the advisor. Is this typically where salary and signing bonus are negotiated? If so, can anyone share insights into the typical base range for experienced hires going into Consultant positions (2yrs experience w/ undergrad)?

like

I recently interviewed for a job and they said they have more interviews and will let me know when the decision is made. It has been 2 weeks now. Is it safe to say they took a pass? Do you think it’s too soon to reach out and see what’s going on?

like

Step by step math support tools, websites or apps for upper elementary?

like

Happy Pi Day!

Post Photo
likefunny

How do you single 🐟 find time to meet people and get to know them when working these crazy hours? Feel like I'm putting that part of my life on hold due to my job, and it's kind of freaking me out 😣

like

Additional Posts in Personal Investment Chatter

Deciding between 20 vs 30 year term life insurance. 33 years old and just had first baby. Anything I should consider to help me decide which horizon makes more sense?

likefunny

4ht July fireworks happening tonite

like

Does anyone put money into CDs anymore?

like

SCARED MONEY DONT MAKE MONEY. BUY NOK 🚀🚀🚀🚀🚀

like

I’m getting ~2k in federal tax refund this year. Why is it so high? I heard that most ppl pay additional tax or get smaller refunds. Is my salary being withheld at a higher rate? I’m in my second year of employment.

like

Short the vix?

like

Moving from Canada to the US. Anyone have recommendations on best credit cards to apply for to start building credit and that either leverage Canadian credit or don’t require credit? Have heard Amex and RBC (and a few other larger banks) seem most straightforward but open to ideas.

How do you make side moneys? Any apps or websites that would allow me to do work online and get paid? Thinking about bookkeeping gigs or something similar.

likehelpful

Bitcoin plunged yesterday. Buying opportunity?

like

Anybody here flip houses on the side? Is it lucrative and what were some big challenges initially?

like

Hey guys - Need some advice on my allocation. Consider unclassified as VTI. I know I have a lot more cash than needed for 6 months of emergency fund. But I don’t want to invest it all in index funds..

Post Photo
like

Opening my first CD.. thinking of Marcus.. any suggestions?

like

Just passed $1m net worth and thinking about umbrella insurance. Any recs for carriers/strategy?

like

Do you think any of the major cruise line companies will go bankrupt? Debating if I should invest.

like

35 yo with 340k in 401k. Same amount between investment and savings. Would it be stupid to lower 401k contribution to pay down mortgage faster? (250k remaining, 2.5%/15 yr).

like

What is the best way to get euros out without fees and at the actual exchange rate? Is it best to use an ATM at the destination or is there a better alternative?

like

What are your thoughts on a 200k cryptocurrency investment?

likefunny

do you prioritize maxing out your 401K or investing in something that has a lot more potential to grow like stocks? and why?

likehelpful

What are some good HYSAs right now??? What rate are they at??

Im looking to buy a home, program is zero down (no PMI). I make 150k base salary; take home 8k mon. Im looking to buy a house under 350k in my area. Im looking at a payment of about 3k including prop. taxes in a newly gentrifying area. My plan is to house-hack and in a year move out. Is this monthly payment too high? I have under 10k student loans (will get wiped) and no other payments. I want to make sure I can afford it even without tenants just in case.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal