I have about $100k IRA in a CD that I put into Indymac this month, just prior to their going belly up. FDIC insures them, so I don't anticipate losing my bucks, but a couple of quick questions occur to me, if you folks would care to respond:
- I switched the IRA CD to Indymac because the rate was attractive, of course - a little over 4% on the yearly rate. Will that rate still be honored now that their doors are closed? By the new custodian, I mean.
- Should I transfer the funds elsewhere, anyway? Assuming I can get in touch with the folks who now have all of Indy's assets, that is. If the 4% rate will still be paid, no problem leaving the money there, but I am nervous about it.
Has anyone here gone thru this before? A first time for me, I confess.
Hugh
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