I want to open a large CD (100k) with First Republic Bank. I saw the recent trouble in the news. Given it's within FDIC insurance limits, am I assuming any risk?
The bank will be taken over by the fdic and most likely auctioned to some big bank over the weekend. Not sure it will continue to exist under its current name anymore.
What are you trying to do? Why FRC when there are plenty of other options. I doubt if they would even accept your application now.
🤯
why risk the potential hassle/headache, regardless of the coverage. just do it somewhere else
The rigth move is to move out of the bank, not move in.
Why in God's name would you open a CD?
Just buy Bitcoin
Aged well! So it’s JP Morgan now 😂
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Syf offers better CD APY than FRC. What is your retaionale behind considering FRC
I'm based out of the US and only have an account with FR Also, I'm looking for <1y CD
Don't know the options if you are not living in US.