I found a good online bank offer with good cd rates through bankrate.com. Its third federal state & loan. Since everything is through internet and mail, Do you think its ok to go ahead and make an account with them? What steps can I do to ensure security first? Any opinions?
2007-02-21 05:29:45 · 2 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Go to a local bank. Find some bankers that you feel you like & trust and let them do business with you. It's good for your community and if there is a problem you can go to the bank and try to work it out face to face. You'll be glad you did!
With online business you can feel like your dealing with outer-space;)
2007-02-21 05:34:54 · answer #1 · answered by Jeff W 2 · 0⤊ 0⤋
A lot of banks w/ online presences started out as bricks & mortar institutions, so you should be fine.
Go to the bank's website, check out their credentials. See where they get their state charter from and, if you wish, head over to that state's website to see if their record is clean. Make sure their FDIC charter is also clean. Go ahead a call their phone number (the reputable ones have a customer service center, even the online only ones) just to see if they really exist.
I've dealt w/ online-only banks in the past for CDs and have had no problems closing my accounts when the CDs matured, or receiving 1099s after the 1st of the year.
2007-02-22 01:12:13 · answer #2 · answered by CMass Stan 6 · 0⤊ 0⤋